2pm update – metals and miners

US equities are significantly lower. Meanwhile, the precious metals are moderately higher, Gold +$17 (0.6%), with Silver +22cents (0.7%). The miner ETF of GDX is currently +1.3% at $49.47.

GLD daily

SLV daily

GDX daily

Summary

Gold/GLD: moderately higher… around $3300.

Silver/SLV: moderately higher… around $33.40s.

GDX: miners are sig’ higher, helped by positive gold/silver.

notable gold miner: B

A third day higher. Momo due to turn positive.

notable silver miner: AG

A third day higher, with momo having turned positive. Today’s candle is a little spiky from the 200dma. The cautious will favour the gold miners of AEM, NEM, B

Equities: sp’60min

Equities have taken a dive… on a lousy bond auction, with the US 10yr printing 4.604%. 5807 is looking even more realistic tomorrow!

*Bitcoin breaks a new hist’ high. XRP is naturally higher.
I will NOT chase.