US equities are choppy, if moderately higher. Meanwhile, the precious metals are broadly higher, Gold +$41 (1.5%), with Silver +16cents (0.5%). The miner ETF of GDX is currently +2.5% at $41.90.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: a new hist’ high of $2938… as psy’ $3K might even be printed this CPI-Wednesday. Yardeni touting $4K… if not until 2026. I’d be open to $3500/3750 by year end.
Silver/SLV: silver printed $32.81, pulled upward by sister gold, and the positive main market. Things turn more bullish >$35. I’d be open to a test of the historic $49s before year end.
If copper can break/hold >psy’ $5.00, that’d bode VERY bullish for silver.
GDX: miners are very significantly higher, mostly due to gold and copper. Today’s candle prone to settling black… bodes s/t bearish.
notable gold miner: GOLD
Gains fading. Black candle.
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notable silver miner: AG
Struggling… due to settle with a black candle.
Bodes problematic ahead of Powell-Tuesday.
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Equities: sp’60min
S/t bearish… so long as we hold under upper trend… around 6098 as of the 3pm hour.