US equities are slowly recovering upward. Meanwhile, the precious metals are leaning upward, Gold +$2.40 (0.1%), with Silver +0.7%. The miner ETF of GDX is currently +0.4% at $43.34.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed a new hist’ high of $2755, if cooling back to $2737, restrained by higher bond yields and a moderately stronger dollar.
Silver/SLV: silver printed a new multi-decade high of $34.49. Next resistance… $35s. From there… its a mess within the mid $37s>41s. Ongoing upside is NOT explosive, as some were touting this weekend.
GDX: miners higher for an eighth day, clearly helped by gold/silver.
notable gold miner: GOLD
A new multi-year high. Black candle.
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notable silver miner: AG
A black candle… but still, that is another powerful daily gain.
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Equities: sp’60min
The micro 5/15min cycles favour the bears.
The bigger daily charts favour the bears for Tuesday.
Background chatter that Israel will attack Iran… although that might not happen until after the election.