2pm update – metals and miners

US equities are moderately higher. Meanwhile, the precious metals are sig’ higher, Gold +$56 (1.6%), with Silver  +92cents (2.4%). The miner ETF of GDX is currently +2.4% at $74.10.

GLD daily

SLV daily

GDX daily

Summary

Gold/GLD: new hist’ high, $3741. Today’s marginally weaker dollar is helping.

Silver/SLV: new multi-decade high, $43.96.

GDX: miners are very sig’ higher, breaking a new hist’ high, clearly helped by gold/silver, and also the positive main market.

notable gold miner: AEM

New hist’ high, if faded gains to just having turned fractionally red.

notable silver miner: PAAS

New hist’ high. Black candle.
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Equities: sp’60min

New hist’ high… as the 6700s loom.
Powell is due Tuesday lunchtime, but I’d not expect much from that.