US equities are holding moderate gains. Meanwhile, the precious metals are sig’ higher, Gold +$85 (2.1%), with Silver +$1.10 (1.8%). The miner ETF of GDX is currently +3.3% at $90.07.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: currently around $4442. A new hist’ high is clearly due, then $4500, and onward to $5K
Silver/SLV: new hist’ high of $69.44, currently around $68.46. The current candle is black, and leans s/t bearish for Tuesday.
Original target of ’70/75 by mid January’ is set to be hit. I’m starting to wonder if giant psy’ $100 by end January.
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GDX: new hist’ high, miners powerfully higher with gold/silver, and further helped by the positive 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
We’re stuck, as hourly momo continues to slowly weaken, and might turn negative on Tuesday.