US equities are a little choppy. Meanwhile, the precious metals are a little mixed, Gold +$4 (0.2%), with Silver -0.3%. The miner ETF of GDX is currently +0.1% at $37.48.
GLD daily2
SLV daily2
GDX daily
Summary
Gold/GLD: gold is mostly just churning around $2400. A spike – on geo-political grounds, to psy’ $2500 remains viable in the near term.
Silver/SLV: silver is churning the mid $29s… lousy… relative to the somewhat positive main market. If SPX 5669 is a pre-election high, any main market cooling will be a problem for silver into the fall.
GDX: miners seeing moderate chop.
notable gold miner: GOLD
Monday’s reversal candle played out.
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notable silver miner: AG
Struggling with silver. The more cautious will always favour the gold miners, not least GOLD and NEM.
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Equities: sp’60min
Best guess… a secondary push upward to 5610, but clearly… no earlier than tomorrow.