US equities are choppy, if mostly a little higher. Meanwhile, the precious metals are broadly higher, Gold +$5 (0.2%), with Silver +55cents (1.6%). The miner ETF of GDX is currently -0.2% at $58.10.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: marginally higher, currently around $3354, helped by the moderately weaker dollar, and sig’ lower bond yields. Gold bugs should be open to psy’ $3K this Oct’
Silver/SLV: sig’ higher, currently around $38.50, helped by the positive main market, and the weaker dollar.
GDX: miners are leaning a little weak… not great, relative to gold/silver.
notable gold miner: AEM
Sig’ lower. Momo prone to turning negative next week.
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notable silver miner: PAAS
A new cycle high, but a rather powerful downside reversal.
Today’s candle is bearish engulfing, leans red for Thursday.
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Equities: sp’60min
Micro chop… if still slowly cooling.
S/t momo due to turn negative.