US equities are choppy, if still red. Meanwhile, the precious metals are mixed, Gold +$13 (0.5%), with Silver -1.0%. The miner ETF of GDX is currently -0.4% at $37.71.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $2659, which is far more impressive relative to higher bond yields and the stronger dollar. A push into the $2700s appears probable… with further adverse news from Ukraine/Russia.
Silver/SLV: silver printed $30.89, pressured by the main market and the dollar. Today is another reminder why I’d see gold as the superior, especially for a ‘geo-pol fear bid’.
GDX: miners are choppy, leaning weak, pressured by the weak main market and silver.
notable gold miner: GOLD
A third day higher.
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notable silver miner: AG
Leaning weak with silver… if still above key price threshold.
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Equities: sp’60min
Choppy… still leaning weak, with s/t momo due to turn negative.