US equities are broadly higher, due some cooling. Meanwhile, the precious metals are broadly higher, Gold +$14 (0.3%), with Silver +$1.58 (2.7%). The miner ETF of GDX is currently +3.0% at $88.25.
Weekly charts for perspective…
GLD
SLV
GDX
Summary
*net bullish gold, silver, and the miners into mid January.
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Gold/GLD: currently around $4345. A new hist’ high is clearly viable next week.
Silver/SLV: new hist’ high of $67.45, currently around $66.99. Big target 70/75 is on track.
GDX: miners are powerfully higher with gold/silver, and further helped by the main market.
notable gold miner: AEM
Reflective of the sector.
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notable silver miner: PAAS
New hist’ high
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Equities: sp’60min
S/t cyclically high, and very much due cooling into Monday.
Those wanting to buy/add will be waiting until Monday.