US equities are significantly higher. Meanwhile, the precious metals are broadly higher, Gold +$12, with Silver +2.6%. The miner ETF of GDX is currently +0.6% in the $39.38s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold continues to churn the low $1900s… partly propped up by the cooler dollar. Another foray into the 1800s appears very probable.
Silver/SLV: silver is churning the 24/25s, helped by the dollar, but also the bouncing main market. Old resistance 21/20s… is new core support.
GDX: miners are seeing considerable chop.
notable miner: NEM
Newmont is struggling, as the 200dma in the $56s still seems on the menu, before the next upward push. Momentum vulnerable to turning negative into the close/early Wednesday.
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Equities: sp’60min
S/t momentum is set to turn positive before the close. A failure/reversal from around key levels would be problematic.