US equities remain choppy. Meanwhile, the precious metals are broadly lower, Gold -$16 (0.9%), with Silver -1.1%. The miner ETF of GDX is currently -0.7% at $29.83.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1922, not helped by the dollar. Support 1850/25.
Silver/SLV: silver printed $22.31… again… not helped by the dollar. Support around psy’ $20
GDX: miners lower with gold/silver.
notable gold miner: GOLD
Barrick higher for a second day… trying to build a floor.
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notable silver miner: AG
Yet another new multi-year low.
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Equities: sp’60min
The micro chop continues. S/t momentum due to turn positive within 2-3 trading hours.