US equities remain broadly lower. Meanwhile, the precious metals are leaning upward, Gold +$7 (0.4%), with Silver +0.8%. The miner ETF of GDX is currently -1.6% at $28.20.
Weekly charts for perspective…
GLD
SLV
GDX
Summary
Gold/GLD: gold printed $1827, if recovering to $1852, helped by the downside reversal in the dollar. Set for a fourth consecutive net weekly decline of around -1.1%.
Silver/SLV: printing $21.16, but recovering to $21.77, mostly due to the dollar reversal. Set for a fifth consecutive net weekly decline of around -1.2%.
GDX: miners are sig’ lower, largely just dragged lower by the main market. Set for a fifth consecutive net weekly decline of around -4.8%.
notable gold miner: GOLD
Reflective of the sector.
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notable silver miner: AG
Reflective of the sector.
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Equities: sp’60min
A tag of teal gap before the weekend appears due.
As someone who would like to re-short next week, my only concern is that price structure threatens a multi-week bull flag. Bears need to hold <4160