US equities have built significant gains. Meanwhile, the precious metals are very significantly lower, Gold -$54 (2.4%), with Silver -5.1%. The miner ETF of GDX is currently -4.3% at $32.60.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $2342, as daily momentum has turned negative. S/t vulnerable.
Silver/SLV: silver printed $27.16, as daily momentum as turned negative. S/t vulnerable.
GDX: miners whacked lower by gold/silver. There are buyers though, with a number of individual stocks (such as First Majestic) with hollow red reversal candles.
notable gold miner: GOLD
I’d accept… m/t… its a broad chop fest.
–
notable silver miner: AG
We’ve a reversal candle from around old resistance… now support.
—
Equities: sp’60min
Clawing upward… as the 5040s look due early Tuesday.