US equities are broadly higher. Meanwhile, the precious metals are broadly lower, Gold -$35 (1.1%), with Silver -11cents (0.3%). The miner ETF of GDX is currently -1.3% at $53.76.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed a low of $3381, largely due to sig’ higher bond yields. When the US 10yr yield breaks >5.00% (whenever that is), it will be the excuse for a major (if brief) smackdown in gold… and likely dragging silver too.
Silver/SLV: silver printed $39.52, but has seen a sig’ downside reversal, currently $39.17.
GDX: miners are sig’ lower, mostly due to gold.
notable gold miner: AEM
Cooling back from yesterday’s new hist’ high.
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notable silver miner: PAAS
Silver miners leading the way down.
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Equities: sp’60min
New hist’ high of 6349. S/t cyclically… we’re on the moderately high side.