US equities are leaning weak. Meanwhile, the precious metals are broadly lower, Gold -$30 (0.6%), with Silver -$3.31 (4.3%). The miner ETF of GDX is currently -5.4% at $93.93.
Weekly charts for perspective…
GLD
SLV
GDX
Summary
Gold/GLD: currently around $5048. Weekly momentum is weakening.
Silver/SLV: currently around $80.78. Weekly momentum has turned negative.
*I hold two blocks of SLV April CALLS. Position size is ‘moderate’, and I’ll hold across the weekend.
GDX: rough end to the week for the miners, with weekly momentum having turned negative.
notable gold miner: AEM
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notable silver miner: PAAS
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Equities: sp’15min
.. struggling to build a floor.