US equities remain rather powerfully lower. Meanwhile, the precious metals are very mixed, Gold +$10 (0.6%), with Silver -1.4%. The miner ETF of GDX is currently -1.8% at $31.08.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1844, remaining a little higher… catching a fear bid, which is more impressive considering the stronger dollar. Things turn interesting >1879s.
Silver/SLV: silver is being hit by the main market. Its all a mess until >$25.50.
GDX: miners whacked lower by silver and the main market. A mess until >$36s.
*I hold GOLD, NEM, AG, HL, KGC. No intention to add.
notable miner:GOLD
Last week saw Barrick Gold get stuck from the 200dma. The main market isn’t helping.
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Equities: sp’60min
Provisional floor from 4222. S/t momentum is ticking upward, as we’re starting to burn off extremely oversold conditions. Broadly though, I’m seeking 4000/3800 zone, as energy stocks/WTIC still appear to have further to fall.