US equities remain mixed. Meanwhile, the precious metals are mixed, Gold -$ 15 (0.6%), with Silver -0.3%. The miner ETF of GDX is currently +1.8% at $41.74.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed a new hist’ high of $2712, which is more impressive relative to significantly higher bond yields and a marginally stronger dollar.
Silver/SLV: silver is lagging gold, currently around $31.80s. A break AND hold >$32.75 is proving to be very difficult. The performance is far worse relative to the equity market, which would typically pull silver upward.
GDX: miners are very significantly higher, largely due to gold, and the positive main market.
notable gold miner: GOLD
Barrick leading the sector upward.
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notable silver miner: AG
Reflective of laggy silver… stuck around key price threshold.
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Equities: sp’60min
Price action is subdued.
S/t momentum is moderately positive.
Bears could argue we’re due one cooling wave before the weekend, at best… an OPEX pin around 5800, but still… its been a bullish week.
time for a very late lunch