US equities remain a little choppy. Meanwhile, the precious metals are broadly higher, Gold +$17 (0.4%), with Silver +$1.64 (2.6%). The miner ETF of GDX is currently +2cents at $89.91.
Gold, daily
Silver, daily
GDX, daily
Summary
My only concern is a reaction to a Sept’ rate hike, and a main market washout. Net bullish… especially beyond the midterms.
Gold: currently $4360… nearing the 200dma
Silver: currently $65.18. The bigger weekly chart is looking especially bullish into Sept’. I’m almost tempted.
GDX: miners broadly flat. S/t vulnerable if equities cool on the inflation data.
notable gold miner: NEM
Partly helped on news Barrick Mining is paying Newmont $1.95bn to settle a mining dispute
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notable silver miner: PAAS
A second day above the 200dma. S/t bullish.
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Equities: sp’60min
Micro chop.
I wonder if 7630/00 … CPI-Wednesday.
That would make for a nice level to get involved.
time for a late and light lunch