US equities are sig’ lower. Meanwhile, the precious metals are sig’ lower, Gold -$31 (1.2%), with Silver -3.3%. The miner ETF of GDX is currently -2.3% at $43.08.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed (overnight) a new hist’ high of $2772, but has cooled to $2722, pressured by further upside in bond yields and the moderately stronger dollar.
Silver/SLV: silver is powerfully lower, printing $33.61, washing out some of the weaker s/t bulls. Even the bold will favour gold, not least for a better geo-political fear bid.
GDX: miners whacked lower by silver/gold, and a weak main market.
notable gold miner: GOLD
Reflective of the sector. Today’s candle bodes for a lower lower on Thurs’
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notable silver miner: AG
Reflective of lower silver. Cyclically high.
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Equities: sp’60min
A new intraday low. Next support 5765.
Multi-day structure of a bull flag… violated.