US equities are still leaning upward. Meanwhile, the precious metals are leaning upward, Gold +$11 (0.3%), with Silver +78cents (1.1%). The miner ETF of GDX is currently +3.7% at $80.57.
Gold, daily
Silver, daily
GDX, daily
Summary
Gold: currently $4223. A sixth daily close <200dma. Net bearish week, having taken out the March low.
Silver: currently $68.11. Even if it settles >200dma, I can’t take it seriously.
GDX: miners are powerfully lower, as yesterday’s bullish engulfing candles played out.
notable gold miner: AEM
Yesterday’s bullish engulfing candles played out.
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notable silver miner: PAAS
Yesterday’s bullish engulfing candles played out.
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Equities: sp’60min
S/t momentum remains on the high side.