US equities are screaming higher on tariff news. Meanwhile, the precious metals are powerfully higher, Gold +$78 (2.8%), with Silver +91cents (3.3%). The miner ETF of GDX is currently +7.5% at $44.61.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold has printed $3092, helped by the weaker dollar. Today’s perform’ is far better, relative to powerfully higher bond yields.
Silver/SLV: silver printed $30.67. helped by the mostly positive main market, and the weaker dollar.
GDX: miners are very powerfully higher. Yesterday’s black candle failed to play out.
notable gold miner: GOLD
Reflective of the sector.
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notable silver miner: AG
Screaming upward!
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Equities: sp’60min
A rather monstrous jump on…
Increase tariffs on China to 125%
90 day pause
Lower tariffs on some countries.
We have a SECURE floor of 4835.
VIX is collapsing.