2pm update – metals and miners

US equity indexes remain mixed. Meanwhile, the precious metals are moderately higher, Gold +$10 (0.4%), with Silver +0.8%. The miner ETF of GDX is currently +0.8% at $40.50.

GLD daily

SLV daily

GDX daily

Summary

Gold/GLD: gold printed $2685, especially helped by lower bond yields.

Silver/SLV: silver printed $31.89… if s/t choppy. I can’t take it seriously until a break/hold >$32.75.

GDX: miners are battling upward… which is impressive relative to gold/silver, and the mixed main market.

notable gold miner: GOLD

Reflective of the sector.
Monday’s hollow red reversal candle played out.
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notable silver miner: AG

The fourth day higher of six.
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Equities: sp’60min

Choppy, if leaning weak, having tagged purple gap.
S/t momentum is already on the low side.