US equities are struggling. Meanwhile, the precious metals are leaning upward, Gold +$12 (0.3%), with Silver +43cents (0.9%). The miner ETF of GDX is currently +1.2% at $76.56.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: printing $4137, but cooling back, currently marginally higher, around $4079. The stronger dollar isn’t helping. A few closes <$4K would merit concern.
Silver/SLV: printing an early morning high of $52.35, but cooling back, currently broadly higher, around $51.13. The shaky equity market, and the dollar aren’t helping.
GDX: miners are sig’ higher, if far below the early highs.
notable gold miner: AEM
Reflective of the sector.
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notable silver miner: PAAS
The best of the silver miners.
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Equities: sp’60min
Even if we settle net higher, the earlier downside reversal is another reminder that the market is short… perhaps mid term broken. Again though, I’d not expect much this side of OPEX.