US equities are choppy, if still net higher. Meanwhile, the precious metals are rather mixed, Gold +$0.09, with Silver +2.7%. The miner ETF of GDX is currently +1.1% at $32.17.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1968… but today’s performance is weaker, relative to lower yields and the weaker dollar.
Silver/SLV: silver printed $24.97, helped by the positive main market, and the dollar. I still struggle to take this seriously unless it can break AND hold >psy’ $30.
GDX: miners are battling to hold gains. The s/t cyclical setup threatens some cooling, if only a day or two.
notable gold miner: GOLD
A fifth day higher, but prone to settling with a black candle.
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notable silver miner: AG
A fifth day higher. S/t cyclically high.
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Equities: sp’60min
S/t momentum continues to weaken, due to turn negative on Friday.