US equities are choppy, if holding rather broad gains. Meanwhile, the precious metals are broadly higher, Gold +$12 (0.5%), with Silver +0.9%. The miner ETF of GDX is currently +1.7% at $41.37.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $2702, just $5 shy of the recent hist’ high… helped by lower bond yields. Today’s perform’ is slightly better, relative to the marginally stronger dollar.
Silver/SLV: silver printed $32.39… if cooling back to $31.98, as the dollar is restraining it.
GDX: miners have built very sig’ gains, outperforming gold/silver, and the main market.
notable gold miner: GOLD
Prelim’ prod’ data.
UBS, buy, 22>23… but the latter target remains very low relative to gold.
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notable silver miner: AG
Higher with the sector. The current spiky/black candle leans bearish for Thursday.
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Equities: sp’60min
Structure is a bear flag… if getting on the overly long side. Bears could do with seeing some weakness into the close.