US equities remain choppy, if mostly leaning upward. Meanwhile, the precious metals are moderately higher, Gold +$12 (0.7%), with Silver +0.7%. The miner ETF of GDX is currently +1.7% at $25.71.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1767, helped by the weaker dollar. Still a m/t mess. The only s/t hope is a geo-political upset (China/Taiwan), and that is clearly a wild card.
Silver/SLV: silver printed $19.16, helped by morning equity gains, and the weaker dollar. I remain concerned about a full retrace back to the March 2020 $11s.
GDX: miners are sig’ higher, helped by gold/silver, and the marginally positive main market.
notable miner: GOLD
Barrick Gold reflective of the gold miners (silver miners are outperforming today).
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Equities: sp’60min
S/t momentum continues to tick upward, as the setup favours the bulls for Wed’.