US equities are choppy, if moderately lower. Meanwhile, the precious metals are moderately mixed, Gold -$ 12 (0.4%), with Silver +14cents (0.4%). The miner ETF of GDX is currently +1.1% at $58.96.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: moderately lower, currently $3337, pressured by moderately higher bond yields, and a moderately stronger dollar.
Silver/SLV: moderately higher, currently $38.10. Today’s perform’ is better considering equities and the stronger dollar.
GDX: miners are sig’ higher, breaking a new multi-year high, which is rather impressive relative to equities and gold.
notable gold miner: AEM
19cents shy of the recent hist’ high.
–
notable silver miner: PAAS
My only concern is the main market across Sept’/Oct’
–
Equities: sp’60min
New intraday low of 6352… just 9pts above yesterday’s low.
S/t momo prone to turning positive, but the (more powerful) daily charts offer the 6270/60s.