US equity indexes remain mixed. Meanwhile, the precious metals are leaning upward, Gold +$14 (0.5%), with Silver +7cents (0.25%). The miner ETF of GDX is currently +0.9% at $37.94.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $2774, restrained by higher bond yields, and a marginally stronger dollar. A new hist’ high >$2801 appears due within a few weeks, with natural magnet of psy’ $3K
Silver/SLV: silver printed $31.12… as it remains broadly laggy to gold.
GDX: miners are battling to build broad gains. As ever… s/t vulnerable with any main market cooling.
notable gold miner: GOLD
Lagging the sector.
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notable silver miner: AG
Reflective of the sector.
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Equities: sp’60min
RSI 78s… as the s/t cyclical setup favours the bears, not least for a Thursday.