US equities remain in minor chop mode. Meanwhile, the precious metals are broadly higher, Gold +$6 (0.3%), with Silver +1.5%. The miner ETF of GDX is currently +0.1% at $28.09.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $2037 >2018 > 2028. Frankly, gold bugs should be content if 2K holds into end month… with the usual ‘pin’/fix due Wed’ 1pm… BEFORE the FOMC announcement. Things turn marginally interesting >2050.
Silver/SLV: silver printed $23.34. Silver bulls need >$26s, and >30 to be decisive.
GDX: miners swinging around with gold/silver. Set for a black candle, or outright red… but the recent low of $27.23 looks pretty secure.
*I hold the quintet of AEM, NEM, GOLD, AG, HL. I’m very content with my entry prices.
notable gold miner: AEM
Daily momentum might turn positive Thursday.
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notable silver miner: AG
Not great, if holding above the recent low.
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Equities: sp’60min
S/t momentum prone to turning positive early Tuesday.