2pm update – metals and miners

US equities are slowly cooling. Meanwhile, the precious metals are moderately higher, Gold +$15 (0.5%, with Silver +19cent (0.5%). The miner ETF of GDX is currently +2.2% at $68.31.

GLD daily

SLV daily

GDX daily

Summary

*gold, silver, and the related miners… all RSI >70, overbought.

Gold/GLD: moderately higher, currently around $3643

Silver/SLV: moderately higher, currently around $41.15.

GDX: miners are very significantly higher.

notable gold miner: AEM

New hist’ high, but reversing lower. RSI 76s… overbought

notable silver miner: PAAS

New hist’ high. RSI 73s. overbought

Equities: sp’60min


Very subtle cooling, which is a rather positive sign for the bulls.