US equities are recovering, with the Dow turning positive. Meanwhile, the precious metals are leaning weak, Gold -$6 (0.3%), with Silver -0.7%. The miner ETF of GDX is currently -1.0% at $26.79.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1731, not helped by the USD printing a new 20yr high. A short/mid term bearish mess. I’ll take seriously >$2100.
Silver/SLV: silver printed $19.06… not helped by the weak main market, and the dollar. I’d keep in mind the 2020 collapse low of the $11s.
GDX: miners lower with gold/silver, and the main market.
*I hold long via GOLD, AG, HL, KGC…. currently zero interest in adding.
notable miner: GOLD
Barrick Gold reflective of the sector.
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Equities: sp’60min
S/t momentum is offering a provisional cyclical floor/turn. Tuesday should see green gap fully filled.