US equities remain a little choppy. Meanwhile, the precious metals are broadly weak, Gold -$11, with Silver -3.8%. The miner ETF of GDX is currently -3.3% in the $35.16s.
GLD daily
SLV daily
GDX daily
Summary
*I would keep in mind multi-month price structure IS a bull flag in gold, silver, and the related miners. Silver has seen a provisional confirmation, but is struggling via the dollar and any weakness in the main market.
Gold/GLD: gold swung from the 1889s to 1864s, partly pressured by the morning upside reversal in the dollar. A 2020 settlement >psy’1900 would be useful… preferably >1966s.
Silver/SLV: silver swung $26.82 to 25.35, pressured by the main market and the higher dollar.
GDX: miners lower for a third day, pressured by gold/silver and the main market. For now… we still have a provisional floor from $33.08.
notable miner: NEM
Newmont lower with the sector, pressured by gold/silver.
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Equities: sp’60min
S/t momentum is ticking upward, and in the process of turning positive. Upper hourly bollinger will be major resistance… currently around 3725… but 3710s soon.