US equities are choppy, if still broadly higher. Meanwhile, the precious metals are sig’ higher, Gold +$22 (1.2%), with Silver +4.2%. The miner ETF of GDX is currently +5.1% at $31.79.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold has printed $1965, helped by the sig’ weaker dollar, and lower bond yields. The bold could chase gold if the dollar breaks AND holds under the DXY 100 threshold. Personally, I still like to see >$2100 (admittedly, a new hist’ high) as necessary to turn bullish.
Silver/SLV: silver printed $24.38, helped by the positive main market, the weaker dollar, and (if less than gold)… lower bond yields.
GDX: miners powering upward with gold/silver, and further helped by the main market.
notable gold miner: GOLD
notable silver miner: AG
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Equities: sp’60min
Chop chop… as the 4500s appear an eventuality, whether before the weekend or next week, it really makes little difference.