US equities are moderately higher. Meanwhile, the precious metals are leaning weak, Gold -$4 (0.2%), with Silver -1.1%. The miner ETF of GDX is currently -0.1% at $31.06.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1963, not helped by the upside reversal in the dollar and higher yields.
*I do NOT expect a rate hike this Wednesday. Inherently… that would be bullish gold, but Powell might allude to further tightening, and that would be a real problem.
Silver/SLV: silver printed $23.96… not helped by the dollar.
GDX: miners are leaning weak with gold/silver.
notable miner: GOLD
The sixth day lower of seven.
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Equities: sp’60min
A new intraday high, as last Friday’s multi-month high is set to be tested. Maybe a micro double top? I remain… watching. My only concern is that VIX hourly momentum is on the high side.
*as things are, I’m guessing I’ll wait until tomorrow.