US equities are choppy, if mostly net higher. Meanwhile, the precious metals are broadly higher, Gold +$23 (0.9%), with Silver +4.5%. The miner ETF of GDX is currently +4.0% at $43.14.
Weekly charts for perspective…
GLD
SLV
GDX
Summary
Gold/GLD: gold printed a new hist’ high of $2735, helped by lower bond yields and a weaker dollar.
Silver/SLV: silver printed $33.35… a daily close >$32.75 appears assured, is to seen as be significant, with next resistance of the $35s
GDX: miners powering upward with gold/silver, and further helped by the main market.
notable gold miner: GOLD
Daily momentum has turned positive.
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notable silver miner: AG
A rather massive gain, with sisters HL and EXK similarly higher.
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Equities: sp’60min
Rather tedious minor chop.
I’d still look for a little cooling for an intermediate pin around 5850.