US equities are a little weak. Meanwhile, the precious metals are rather mixed, Gold -$2, with Silver +1.6%. The miner ETF of GDX is currently +1 cent at $36.40.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1912 overnight, but it couldn’t hold >psy’1900, pressured by the higher dollar. A year end close >1900 does appear probable.
Silver/SLV: silver printed $27.64 early morning, which was impressive considering the weak main market and the weaker dollar. Big target is 35/37.
GDX: miners seeing considerable chop… helped by silver, but held back by the dollar. Soft target remain the $38s, and secondary of the $42s.
notable miner: NEM
Newmont is higher with the sector. Soft target is green gap.
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Equities: sp’60min
The opening gap has almost been fully filled, as the dip buyers did appear.
A secondary wave lower appears a high threat, but if so, I’d look for a divergent lower higher in the VIX.