2pm update – metals and miners

US equities remain a little choppy, if mostly leaning positive. Meanwhile, the precious metals are mixed, Gold +$5 (0.1%), with Silver -43cents (1.1%). The miner ETF of GDX is currently -0.8% at $66.72.

GLD daily

SLV daily

GDX daily

Summary

Gold/GLD: new hist’ high of $3674, if cooling back, currently around $3644

Silver/SLV: a high of $41.38, but cooling back, currently around $40.85.

GDX: miners are leaning weak, but that is from a new hist’ high. RSI >70s… won’t last forever. S/t vulnerable with the main market.

notable gold miner: AEM

Reflective of the sector. New hist’ high, but cooling back.

notable silver miner: PAAS

Reflective of the sector. New hist’ high, but cooling back.
Yesterday’s black candle played out.
Today’s candle is bearish engulfing.

Equities: sp’60min


New intraday high… if still a whole lot of chop!