US equities are choppy, if mostly net lower. Meanwhile, the precious metals are significantly higher, Gold +$30 (1.2%), with Silver +85censt (3.0%). The miner ETF of GDX is currently +4.3% at $38.40.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $2700, if currently $2682. Today’s perform’ is better relative to higher bond yields.
Silver/SLV: silver printed $32.95… helped by sister gold.
GDX: miners are powerfully higher, especially helped by silver.
notable gold miner: GOLD
notable silver miner: AG
Silver miners very powerfully higher.
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Equities: sp’60min
Bears could argue s/t structure is building a bear flag, but I can’t take any cooling waves seriously. Mr Market will be inclined to lean upward into the Dec’18th FOMC.