US equities are choppy, if leaning back upward. Meanwhile, the precious metals are a little mixed, Gold -$3 (0.2%), with Silver -1cent. The miner ETF of GDX is currently -0.7% at $31.31.
Weekly charts for perspective…
GLD
SLV
GDX
Summary
Gold/GLD: gold printed $1987, if cooling back a little. The dollar and yields look set to be a problem into/across the summer. Set for a net weekly gain of around +0.6%.
Silver/SLV: silver printed $24.62, if cooling back. Set for a net weekly gain of around +2.8%.
GDX: miners leaning weak. Set for a net weekly decline of around -0.3%.
*If I believed the main market floor from Oct’2022 was going to hold, I’d have bought back GOLD, NEM, KGC, HL, FCX, LAC. As it is… I do not!
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notable gold miner: GOLD
Yesterday’s black doji candle played out, with two big downside gaps to fill.
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notable silver miner: AG
Lousy… as the March low of $5.53 can’t be expected to hold.
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Equities: sp’60min
Chop chop… if rebuilding gains.