US equities remain choppy. Meanwhile, the precious metals are a little mixed, Gold +$0.30, with Silver +0.8%. The miner ETF of GDX is currently +1.3% at $31.30.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1980, if cooling back to $1967… as psy’ $2K is proving difficult to re-take. I see the dollar and yields as the two key variables that will be a downward pressure on gold across the summer. Set for net weekly decline of around -0.05%.
Silver/SLV: silver printed $24.29, if cooling back a little. Set for net weekly decline of around -0.7%.
GDX: miners are sig’ higher. Set for net weekly gain of around +1.0%.
notable gold miner: GOLD
Bouncing, but its been a rough six weeks.
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notable silver miner: AG
… as I’ve just noticed, the March low was taken out yesterday.
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Equities: sp’60min
The minor chop continues. S/t momentum is set to turn negative, which does favour the bears into the weekend/opex.