US equities are holding sig’ gains. Meanwhile, the precious metals are a little mixed, Gold u/c, with Silver -0.4%. The miner ETF of GDX is currently +1.6% at $29.20.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1833, if cooling back to $1825. Today’s stronger dollar isn’t helping. The monthly settlement remains set to be ‘borderline’.
Silver/SLV: printing $24.06, if recovering to around $24.20. Lagging, relative to the positive main market. The stronger dollar isn’t helping.
GDX: miners are sig’ higher, mostly helped by the positive main market. A monthly close >$29 would be rather bullish, but if the main market is smashed in Q1, the miners will not likely be able to escape.
notable miner: GOLD
Note the 200dma… just a little higher. I’m skeptical it can be cleared.
–
Equities: sp’60min
Chop chop, but we’re clearly set for broad/sig’ gains.