US equities are battling to stay positive. Meanwhile, the precious metals are leaning weak, Gold -$4 (0.2%), with Silver -1.4%. The miner ETF of GDX is currently -1.5% at $25.67.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1831, which is more lousy relative to lower yields and a marginally weaker dollar. Sub $1800 appears due, and then the Nov’2022 $1618s
Silver/SLV: silver printed $20.85, not helped by the shaky main market. Sub $20 is a given.
GDX: miners are sig’ lower, not helped by gold/silver, and the shaky main market.
notable miner: GOLD
Not helped by Jefferies, 18>15
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Equities: sp’60min
Choppy, if still a little higher. I’d note the upper bollinger around 4300.
Thursday is a wild card. Friday should favour the bulls, with another case of ‘bad news is good news’.