US equities are choppy, still leaning on the positive side. Meanwhile, the precious metals are very significantly lower, Gold -$26 (1.5%), with Silver -1.7%. The miner ETF of GDX is currently -2.2% at $31.32.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1798, not helped by the stronger dollar. It remains a mess until >1879s.
Silver/SLV: silver printed $22.69, again… not helped by the stronger dollar. A mess until >$25.50.
GDX: miners whacked lower with gold/silver. Its a mess until >$36s.
notable miner: GOLD
Barrick Gold reflective of the sector. I’ll take this seriously once >$22s. I resiliently… hold. Not interested in adding.
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Equities: sp’60min
Chop chop. Even if we settle net higher… a swing lower to 4700 appears more likely before >4808.