US equities remain in minor chop mode. Meanwhile, the precious metals are rather mixed, Gold -$3 (0.1%), with Silver +0.9%. The miner ETF of GDX is currently +0.4% in the $38.24s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed the $1901s, but has again cooled back under psy’ $1900. S/t vulnerable, not least if the USD spikes on the notion of ‘rate hikes sooner than expected’.
Silver/SLV: silver printed $28.15, if cooling back to around $28.00. S/t vulnerable, especially if the main market takes a tumble.
GDX: miners choppy, leaning a little higher. I hold long the sector via GOLD, AG, KGC, HL, but am ‘light’ in all four, and want to add!
notable miner: GOLD
Barrick Gold churning with the sector. S/t vulnerable.
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Equities: sp’60min
The chop continues. Thursday offers a major move. My guess remains… the 4000s before the 4400s. If I’m wrong… well, at least I’m not short. I simply hope to buy/add 4-5% lower.
*yours truly has fully exited X, OXY, SLB
Just raising more cash on the notion that the s/t setup favours the bears.