US equities are choppy, if set for moderate gains. Meanwhile, the precious metals are leaning weak, Gold -$4 (0.2%), with Silver -0.5%. The miner ETF of GDX is currently +0.2% at $37.45.
GLD daily2
SLV daily2
GDX daily
Summary
Gold/GLD: gold printed $2385… but its mostly just multi-week chop.
Silver/SLV: silver printed $28.93… a lousy perform’ relative to the positive main market. Assuming the main market has put in a pre-election high, silver appears vulnerable, and unlikely to break >$32.75. Further, any geo-political shocks would see Gold benefit more.
GDX: miners seeing early weakness, but back to marginally positive.
notable gold miner: GOLD
Friday’s hollow red reversal candle played out.
–
notable silver miner: PAAS
Friday’s hollow red reversal candle played out.
—
Equities: sp’60min
Structure of a bull flag is playing out, already breaking a new intra day high.