US equities are leaning weak. Meanwhile, the precious metals are very significantly lower, Gold -$38 (1.7%), with Silver -3.6%. The miner ETF of GDX is currently -1.8% at $33.93.
Weekly charts for perspective…
GLD
SLV
GDX
Summary
Gold/GLD: gold printed $2330, partly pressured by marginally higher bond yields, and a slightly stronger dollar. Set for a net weekly decline of around -0.6%.
Silver/SLV: silver swung from an overnight high of $30.91 to $29.58. Set for a net weekly decline of around -0.1%.
GDX: miners lower with gold/silver. Set for a net weekly gain of around +1.6%.
notable gold miner: GOLD
Most of yesterday’s gains have been eroded.
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notable silver miner: AG
Remaining at bizarrely low levels.
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Equities: sp’60min
Choppy, if leaning a little weak. Again, the market makers could be expected to be seeking a pin around 5450.