2pm update – metals and miners

US equities remain choppy. Meanwhile, the precious metals are mixed, Gold -$9 (0.5%), with Silver +0.1%. The miner ETF of GDX is currently +0.1% at $28.81.

GLD daily

SLV daily

GDX daily

Summary

Gold/GLD: gold printed $1929, pressured by the marginally stronger dollar. CPI-Wednesday threatens a smackdown <$1900, not least if bond yields jump, with further dollar strength.

Silver/SLV: silver printed $23.11, pressured by the weak main market, and the dollar.

GDX: miners seeing a few swings. S/t very vulnerable with gold/silver, and the main market.

notable miner: GOLD

Mostly reflective of the sector.

Equities: sp’60min

With a mini ramp… opening gap effectively filled.
Bears need <4465 (to be decisive) to break the flag.