US equities are a little choppy. Meanwhile, the precious metals are broadly higher, Gold +$15 (0.9%), with Silver +0.8%. The miner ETF of GDX is currently +1.6% in the $34.84s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1831s, which is kinda interesting! Things turn more so… >$1850.
Silver/SLV: silver printed $26.58, largely helped by a cooler dollar. Broad price action is a mess, and the cautious will be waiting to chase with a break >psy’ $30… which would offer a fast run to 35/37.
GDX: miners are battling to hold sig’ gains, helped by gold/silver. Still a s/t mess.
*I hold long the sector via GOLD, NEM, AG, HL, KGC
notable miner: GOLD
Barrick Gold reflective of the sector. The current black candle isn’t great, if somewhat relative of the main market’s shaky gains. Many aspects of resistance near, and I’ll start to take this one seriously >$23.00.
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Equities: sp’60min
Chop chop… if leaning positive. Bulls could argue price structure is a bull flag. Bears could retort… ‘good luck with that, ahead of a Thursday’. I remain a very interested buyer, but see no hurry this side of OPEX, not least when I look at the OXY and RIG charts.