US equities are building sig’ gains. Meanwhile, the precious metals are mixed, Gold -$3 (0.1%), with Silver +26cents (0.75%). The miner ETF of GDX is currently +0.6% at $58.03.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: fractionally lower… currently around $3347… helped by the weaker dollar, but restrained by higher bond yields.
Silver/SLV: broadly higher… currently around $37.93… , helped by the positive main market, and the dollar.
GDX: miners are moderately higher, mostly due to silver and the main market. Monday’s hollow red reversal candle played out. The sector is cyclically high.
notable gold miner: AEM
Lagging the main market… which is unusual, for what is the sector leader.
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notable silver miner: PAAS
Reflective of the sector. Cyclically high.
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Equities: sp’60min
New hist’ high 6438. RSI 71s… overbought