US equities are a little lower. Meanwhile, the precious metals are a little lower, Gold -$3 (0.1%), with Silver -0.5%. The miner ETF of GDX is currently -0.5% at $28.11.
Weekly charts for perspective…
GLD
SLV
GDX
Summary
Gold/GLD: gold printed $2015… not great, but its still managing to hold above giant psy’ $2K. Set for a net weekly decline of -0.6%.
Silver/SLV: silver printed a low of $22.81. I’d still favour Gold. Set for a net weekly gain of +0.8%.
GDX: miners have seen early gains fully fade, not helped by gold/silver, and a marginally shaky main market. Set for a net weekly gain of +1.5%.
*I hold the quartet of NEM, GOLD, AG, HL. I’m tempted to buy back AEM, but not until next Monday.
notable gold miner: AEM
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notable silver miner: AG
Silver miners fairing a little better this week.
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Equities: sp’60min
Just a little cooling.
The market will be inclinded to climb into end month/FOMC.