US equities have slipped into micro chop mode. Gold has printed $2376, with Silver spiking to $30.77.
sp’60min
VIX’60min
Summary
S/t momentum remains prone to turning negative, and I’d be open to a 0.5% cooling wave… lead by some (certainly not all) of the semicons.
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notable stock: AMD
Impressive gains, as AMD has the same kind of upside power that SMCI started showing last week.
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notable weakness: ALB
Lithium miners all lower. I’ll assume lithium prices are still falling.
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notable silver ETF: SLV, daily2
Silver starting to show some upside power, as a daily close >$30 appears due. The cyclical setup leans net bullish into next week.
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notable miner: PAAS
Unlike laggy AG, Pan American is higher with silver.
Time for lunch