US equities are broadly mixed. Meanwhile, the precious metals are very significantly higher, Gold +$37 (1.7%), with Silver +1.9%. The miner ETF of GDX is currently +2.5% at $37.99.
GLD daily2
SLV daily2
GDX daily
Summary
Gold/GLD: gold printed $2430… just $24 shy of the recent hist’ high, helped by lower bond yields and a weaker dollar. A push to psy’ $2500 looks viable next week.
Silver/SLV: silver printed $32.02, if cooling back to currently $31.69. Things turn interesting above the recent multi-decade high of $32.75. From there… $35s, then psy’ $40.
GDX: miners a little choppy, if set for very significant gains, with many stocks having cleared above their May highs.
notable gold miner: NEM
Early price action was shaky… but we’ve seen a secondary push upward.
Eight Capital, $48.50>55.00
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notable silver miner: PAAS
The $28s aren’t that far away. From there… $36s.
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Equities: sp’60min
Clearly set for net declines of some degree.
S/t cyclically low, as the setup leans bullish for Friday.