US equity indexes remain mixed (the Dow and Trans remain red). Meanwhile, the precious metals are leaning upward, Gold +$17 (0.7%), with Silver +0.2%. The miner ETF of GDX is currently +1.7% at $37.67.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $2643, largely on geo-pol news.
Silver/SLV: silver printed $31.62… pulled upward by gold.
GDX: miners higher with gold/silver. The concern should be any main market downside, which would see the miners net lower, even if gold is up on geo-political upset.
notable gold miner: GOLD
A second day higher. Momo due to turn positive in 2-3 days.
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notable silver miner: AG
Silver miners struggling, with yesterday’s black candle playing out.
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Equities: sp’60min
The bear flag has been broken above. Could still be a bearish pennant/expanding wedge though, as the daily charts remain net bearish.