US equities are broadly higher. Meanwhile, the precious metals are broadly lower, Gold -$8 (0.4%), with Silver -0.6%. The miner ETF of GDX is currently -1.3% at $31.81.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold has printed $1838… not helped by the USD pushing into the DXY 104s. M/t bullish, but any price action <1800 would merit alarm bells.
Silver/SLV: silver printed $21.38, not helped by the broken main market, or the dollar. Alarm bells if <$21.00.
GDX: miners are very significantly lower, dragged down by gold/silver, and the main market.
*I hold GOLD, AG, HL, KGC. I’d consider adding to all of them with the sp’3500s.
notable miner: GOLD
Barrick Gold reflective of the sector.
notable miner: AG
Silver miners (as is typically the case) more adversely impacted than the gold miners.
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Equities: sp’60min
The Fed’s Waller comments are the excuse for another push upward. S/t momentum due to turn positive. Natural target is green gap.