2pm update – metals and miners

US equities are broadly lower. Meanwhile, the precious metals are a little mixed, Gold +$2 (0.1%), with Silver -0.4%. The miner ETF of GDX is currently -4cents at $31.83.

GLD daily

SLV daily

GDX daily

Summary

Gold/GLD: gold printed $1955, if recovering to $1977. Gold bugs should be satisfied with a monthly settlement >$2K.

Silver/SLV: silver printed $23.24, not helped by the stronger dollar and weaker main market.

GDX: miners seeing moderate chop.

notable miner: GOLD

Fairing a little better than the sector.

Equities: sp’60min

A daily close <4164 would be … ‘useful’. <4150 would be decisive.