US equities are leaning weak. Meanwhile, the precious metals are mixed, Gold -5cents, with Silver -53cents (0.9%). The miner ETF of GDX is currently +0.2% at $83.84.
Gold, daily
Silver, daily
GDX, daily
Summary
Gold: currently $4247. If silver is $50, then gold might yet washout to $3500.
Silver: currently $61.49. As ever… any main market downside will be a particular pressure on silver. $50 still looks probable in Oct’
GDX: miners are moderately higher… gold miners fairing far better than silver.
notable gold miner: NEM
Set for a second close >200dma
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notable silver miner: PAAS
Fractionally lower.
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Equities: sp’60min
Friday offers a tag of yellow gap on the jobs data.