US equities are holding very sig’ gains. Meanwhile, the precious metals are very mixed, Gold -$85 (2.7%), with Silver +$1.03 (3.5%). The miner ETF of GDX is currently -2.7% at $48.87.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: printing a low of $3259… if recovering to around $3300. Yesterday’s bearish engulfing candle played out.
Silver/SLV: early weakness to $32.67, if rebounding to the mid $33s… helped by the positive main market. Today’s perform’ is better… relative to the dollar.
GDX: the sector is powerfully lower… but there is a very strong internal split. Gold miners are lower, whilst copper, uranium, lithium, and silver are higher.
notable gold miner: NEM
Newmont has earnings in AH, which should be good.
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notable silver miner: PAAS
The current candle is a hollow red reversal, and leans s/t bullish. Daily momo is weakening, and the cautious will be waiting until next week.
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Equities: sp’60min
Choppy, if very sig’ higher. S/t structure is a bull flag.
I should venture out…