US equities are choppy, if leaning on the weaker side. Meanwhile, the precious metals are a little mixed, Gold +$7 (0.3%), with Silver -0.1%. The miner ETF of GDX is currently -0.1% at $36.72.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $2547, which is only $23 shy of a new hist’ high. CPI is due tomorrow, and that might be the excuse for >$2570.
Silver/SLV: silver printed $28.36, if recovering a little. The problem will be the main market.
GDX: miners are choppy, if leaning a little weak. The problem will be the main market, even if gold is net higher into Oct’ on geo-political concerns.
notable gold miner: GOLD
Holding up well, to the main market.
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notable miner: AU
Anglogold Ashanti has bought an Egyptian miner for $2.5bn
As is typically the case, the bidder gets knocked lower.
The deal is a mid/long term positive.
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Equities: sp’60min
Choppy, and even if the SPX settles marginally higher, that would make for a black daily candle.