US equities are holding broad gains. Meanwhile, the precious metals are weak, Gold -$8 (0.3%), with Silver -1.3%. The miner ETF of GDX is currently -0.4% at $39.90.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold is churning $2665… restrained by moderately higher bond yields, and the moderately stronger dollar. Unquestionably still m/t bullish.
Silver/SLV: silver is churning the mid $31s. Things only turn interesting with a break AND hold >$32.75.
GDX: miners are moderately lower with gold/silver. Today’s perform’ is worse… relative to the positive main market.
notable gold miner: GOLD
Reflective of the sector.
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notable silver miner: AG
Naturally sig’ lower with silver.
The cautious will continue to favour the gold miners.
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Equities: sp’60min
A new hist’ high of 5860. We’ve a cyclical rollover, with momentum prone to turning negative on Tuesday.