2pm update – metals and miners

US equities remain choppy, if mostly leaning on the positive side. Meanwhile, the precious metals are a little mixed, Gold +$2 (0.1%), with Silver -0.4%. The miner ETF of GDX is currently -0.4% at $25.60.

GLD daily

SLV daily

GDX daily

Summary

Gold/GLD: gold is churning the $1760s. Tedious… for what is m/t bearish. Ever increasing background bullish chatter (if mostly from the kooks) about Gold spiking into the Fall.

Silver/SLV: silver printed $18.82, for what is m/t bearish. The March 2020 $11 remain my concern.

GDX: miners leaning weak… mostly due to silver. M/t bearish.

notable miner: GOLD

Barrick Gold reflective of the sector. Yesterday’s black candle played out. A m/t bearish mess.

Equities: sp’60min


Tedious micro chop. Teal gap remains min’ target.