US equities are a little choppy. Meanwhile, the precious metals are a little mixed, Gold u/c, with Silver -0.4%. The miner ETF of GDX is currently -0.8% at $28.12.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $2067, cooled to 47′, currently around $2051. A monthly close >$2K appears assured, not least as the January pin/fix/settlement will occur BEFORE the FOMC announcement. Gold bugs should be satisfied, but be seeking >$2100 in Feb’, if not a new hist’ high >$2152.
Silver/SLV: silver printed $23.43, if cooling back a little. I still favour Gold.
GDX: miners seeing early broad gains fully reverse to broad declines. I see all such cooling as a buying opp’.
*I hold the quartet of NEM, GOLD, AG, HL.
notable gold miner: AEM
I dropped in the opening minutes from $50.12. Partly as it was s/t overbought, but partly as I want to free up some funds to add to SLB.
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notable silver miner: AG
On any basis… cyclically very low.
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Equities: sp’60min
Micro chop. Bulls could argue structure is a baby bull flag. Certainly, the daily upper bollinger will offer the 4950/60s on FOMC-Wednesday.