2pm update – metals and miners

US equities are leaning upward. Meanwhile, the precious metals are mixed, Gold -1cent, with Silver +52cents (1.6%). The miner ETF of GDX is currently +1cent at $51.51.

GLD daily

SLV daily

GDX daily

Summary

Gold/GLD: gold is broadly flat, currently around $3316.

Silver/SLV: silver is set for sig’ gains, currently around $36.87. I’m aware of background ‘kook chatter’ that expects a near term hyper spike, but I’m dismissive of this, for what seems far more viable after a main market drop this Sept/Oct’.

GDX: miners are broadly flat.

notable gold miner: AEM

Reflective of the sector.

notable silver miner: PAAS

Reflective of the sector.

Equities: sp’60min

New hist’ high, making it a day/week/month/quarter for the bulls.
Bigger weekly/month charts offering another 2% upside to around 6400.