US equities are moderately higher. Meanwhile, the precious metals are broadly higher, Gold +$12 (0.75%), with Silver +1.3%. The miner ETF of GDX is currently +1cent at $30.83.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold has printed $1803… as a daily close >psy’ $1800 would be something for the gold bugs. Broadly… we need >1879s.
Silver/SLV: silver printed $22.85. A test of the recent high of $25.49 appears due within 2-4 weeks.
GDX: miners seeing minor chop… and distinctly lagging gold/silver, and the main market. Its a mess until >$37s.
*I hold the battered quintet of GOLD, NEM, AG, HL, KGC
notable miner: GOLD
Barrick Gold reflective of the sector. Its a mess until >$22s.
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Equities: sp’60min
S/t momentum is weakening, as we’re overbought. However, bears can’t expect much, as daily momentum is turning positive in many individual stocks.