US equities are choppy, if still leaning weak. Meanwhile, the precious metals are broadly lower, Gold -$10 (0.6%), with Silver -2.5%. The miner ETF of GDX is currently -5.4% at $37.98.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1938… still s/t choppy, but m/t bullish. May still threatens a spike to challenge the Aug’2020 historic $2089s.
Silver/SLV: silver printed $24.48, not helped by the reversing main market, and the stronger dollar. A short/mid term mess.
GDX: miners hit hard with gold/silver, not helped by the main market.
notable miner: GOLD
Barrick Gold reflective of the sector. Today’s candle sure doesn’t offer sign of a s/t floor.
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Equities: sp’60min
S/t momentum is increasingly negative, which will be a problem into the close.