2pm update – metals and miners

US equities are holding moderate gains. Meanwhile, the precious metals are leaning weak, Gold -$3 (0.1%), with Silver -17cents (0.5%). The miner ETF of GDX is currently -1.5% at $51.36.

GLD daily

SLV daily

GDX daily

Summary

Gold/GLD: gold is a little weak at $3321.

Silver/SLV: silver is moderately lower, churning around $36.50… some 5% above old resistance of the $35s.

GDX: miners are sig’ lower. Today’s candle is a bearish engulfing, and leans red for Wed’

notable gold miner: B

Reflective of the sector. S/t bearish… if only a day or two.

notable silver miner: AG

Yesterday’s black candle played out. S/t bearish yellow gap!

Equities: sp’60min

A new cycle high of 6035. S/t due to cool… into CPI-Wednesday.