2pm update – metals and miners

US equities remain leaning a little weak. Meanwhile, the precious metals are rather mixed, Gold -$15 (0.8%), with Silver +0.2%. The miner ETF of GDX is currently -2.9% at $27.75.

GLD daily

SLV daily

GDX daily

Summary

Gold/GLD: gold printed $1956, a far worse perform’ relative to lower bond yields and the broadly flat dollar. Still… a monthly close >$2K is within range.

Silver/SLV: silver printed $22.94, holding up well to superior sister Gold. S/t vulnerable with any main market downside.

GDX: miners are sig’ lower, mostly with gold. S/t vulnerable.

notable miner: NEM

Reflective of the sector.

Equities: sp’60min

Chop chop, if still leaning a little weak.