US equities are clawing back upward, with most indexes having turned positive. Meanwhile, the precious metals are sig’ higher, Gold +$25 (1.0%), with Silver +3.0%. The miner ETF of GDX is currently +2.0% at $44.10.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed a new hist’ high of $2762, which is more impressive relative to moderately higher bond yields, and a fractionally stronger dollar. The $2800s are clearly viable before the weekend.
Silver/SLV: silver printed a new multi-year high of $35.07. Next resistance are the mid $37s-$41s. Today’s perform’ is slightly better relative to the somewhat weak main market.
GDX: miners higher for a NINTH consecutive day, reflective of gold/silver.
notable gold miner: GOLD
Reflective of the sector.
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notable silver miner: AG
Set for a third day of powerful gains.
Monday’s black candle failed to play out.
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Equities: sp’60min
Continuing to claw back upward, with s/t momentum prone to turning positive early Wed’