US equities are cooling back, if still sig’ higher. Meanwhile, the precious metals are sig’ higher, Gold +$29 (1.2%), with Silver +46cents (1.7%). The miner ETF of GDX is currently +1.8% at $35.03.
Weekly charts… for some perspective…
GLD
SLV
GDX
Summary
Gold/GLD: gold printed $2653, helped by lower bond yields and the weaker dollar. M/t bullish unless <$2500. Set for a net weekly change of around -0.7%.
Silver/SLV: silver printed $30.04, helped by the positive main market, and the weaker dollar. M/t bullish unless <$29.00. Set for a net weekly change of around -2.8%.
GDX: miners are very significantly higher, helped by gold/silver, and the positive main market. Set for a net weekly change of around -4.4%.
notable gold miner: GOLD
Reflective of the sector.
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notable silver miner: AG
Silver miners still a little weaker to the gold miners.
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Equities: sp’60min
Cooling back… with first support of the hourly 10MA… soon 5920.
As things are… we appear prone to settling within 5925/5900, which would cause max confusion… ahead of Christmas week.