US equities remain in minor chop mode. Meanwhile, the precious metals are broadly lower, Gold -$20 (1.1%), with Silver -0.9%. The miner ETF of GDX is currently -1.4% at $33.59.
Weekly charts for some perspective…
GLD
SLV
GDX
Summary
Gold/GLD: gold printed $1982. Partly… just s/t cooling, partly… higher yields. Gold bugs should be very satisfied with an April settlement >$2K. Set for a net weekly decline of around -1.2%.
Silver/SLV: printing $24.99… not helped as the main market cools back. Set for a net weekly decline of around -1.5%.
GDX: A rough week for the miners, set for a net weekly decline of around -4.3%.
notable gold miner: GOLD
Fifth day lower of six.
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notable silver miner: AG
Fifth day lower of six.
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Equities: sp’60min
Chop chop… chop.
Time to catch a little sun…