US equities are choppy, still moderately higher. Meanwhile, the precious metals are leaning upward, Gold +$3 (0.2%), with Silver +0.7%. The miner ETF of GDX is currently +1.4% at $28.75.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1954, helped by the weaker dollar, but restrained by higher yields. I’d not be surprised to see <$1900 this Wed’/Thurs’.
Silver/SLV: silver printed $23.52… helped by the positive main market, and the dollar.
GDX: miners sig’ higher, helped by gold/silver, and the positive main market. S/t vulnerable.
notable miner: GOLD
Reflective of the sector.
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Equities: sp’60min
*structure is a bear flag (pink) from last Thursday.
A daily settlement <4480 would make for a black candle, and I’d settle for that. 4435 remains basic target for Wed/Thurs. I ain’t selling anything until that level.