2pm update – metals and miners

US equities remain choppy. Meanwhile, the precious metals are a little weak, Gold -$3 (0.1%), with Silver -0.5%. The miner ETF of GDX is currently -0.4% at $41.78.

GLD daily

SLV daily

GDX daily

Summary

Gold/GLD: overnight printing a new hist’ high of $2968, if cooling back to $2907, and currently around $2930. Giant psy’ $3K is possible CPI-Wednesday.

Silver/SLV: silver printed $31.65, if rebounding to around $32.35.

GDX: mining stocks are moderately lower, mostly due to silver and copper.

notable gold miner: GOLD

Yesterday’s black candle played out.

notable silver miner: AG

A little choppy, if mostly leaning weak.

Equities: sp’60min


S/t vulnerable… so long as we hold <6100.