2pm update – metals and miners

US equities are battling to hold broad gains. Meanwhile, the precious metals are mixed, Gold +$19 (0.8%), with Silver +0.1%. The miner ETF of GDX is currently +0.6% at $37.94.

GLD daily

SLV daily

GDX daily

Summary

Gold/GLD: gold printed $2676, which is far more impressive relative to the stronger dollar.

Silver/SLV: silver printed $30.72… struggling relative to gold and the positive main market.

GDX: miners are battling to hold moderate gains.

notable gold miner: GOLD

A fourth day higher, with momentum turning positive.
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notable silver miner: AG

Struggling with silver
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Equities: sp’60min

Structure remains a bearish pennant… and its become rather big.