US equities are moderately higher. Meanwhile, the precious metals are leaning weak, Gold -$1 (0.1%), with Silver -0.8%. The miner ETF of GDX is currently -0.8% at $31.57.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: printing a new cycle high of $1890, but cooling back to $1877. Clearly, Thursday’s CPI will be important.. a brief foray to test psy’ $1900 remains.
‘Perhaps by 2028, you will see the dollar fade away into the sunset. But for now! These insane world leaders are pushing for war. Sweden has just announced a military draft. Europe is not going to survive this one.’
*The drafts0 are indeed appearing all over the place, as the collective of the society/species is thirsty for blood.
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Silver/SLV: printing $23.34, which is somewhat lousy relative to the positive main market.
GDX: miners are broadly weak, not helped by gold/silver. The sector is m/t bullish unless <$27s.
notable miner: GOLD
Cyclically on the high side.
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Equities: sp’60min
A new intraday high of 3955, just 3pts shy of teal gap.