US equities are mostly still leaning upward. Meanwhile, the precious metals are weak, Gold -$2 (0.1%), with Silver -30cents (1.1%). The miner ETF of GDX is currently -0.6% at $37.31.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold is churning around $2764… mostly restrained by higher bond yields. A new hist’ high >$2801 still appears a given… within a few weeks.
Silver/SLV: silver printed a low of $30.47… pretty weak, relative to the broadly strong main market. The cautious will continue to favour gold, not least for a future ‘fear bid’… wherever that might come from.
GDX: miners are moderately lower… mostly pressured by silver.
notable gold miner: GOLD
Reflective of the sector.
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notable silver miner: AG
Considering silver, First Majestic is holding up very well.
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Equities: sp’60min
A new hist’ high, making it another day for the bulls.