US equities are choppy, if still leaning a little weak. Meanwhile, the precious metals are leaning upward, Gold +$11 (0.6%), with Silver +0.1%. The miner ETF of GDX is currently +0.4% at $34.21.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $2002, if recovering to around $2016. Today’s lower yields and fractionally weaker dollar are helping. Gold appears due a monthly settlement above $2K.
Silver/SLV: silver is churning the mid/low $25s, partly pressured by weak main market. Momentum turned negative today. Silver bulls should seeking an April settlement >$25.50.
GDX: miners holding up well to the main market. Momentum is marginally negative.
notable gold miner: GOLD
Yesterday’s reversal candle played out. Today’s candle is black… and leans s/t bearish.
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notable silver miner: AG
Prelim’ production data for Q1 were okay.
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Equities: sp’60min
Bears can argue s/t structure is a bear flag.
Clearly… to confirm, need <4122.