US equities are battling to bounce from 4127. Meanwhile, the precious metals are a little mixed, Gold +$5 (0.3%), with Silver -0.2%. The miner ETF of GDX is currently -0.7% at $28.58.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $2003 overnight/early, if cooling back a little. A monthly settlement >2K appears probable. Any price action >2100 would merit chasing… with target of 2400/2500.
Silver/SLV: silver printed $22.57, not helped by the main market.
GDX: miners are battling to recover with the main market. Daily momentum prone to turning negative next week.
notable miner: NEM
Earnings were broadly fine.
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Equities: sp’60min
A new cycle low. of 4127, but trying to bounce.
The micro 5/15/60min cycles favour the bulls into the the close.