US equities are strongly higher. Meanwhile, the precious metals are sig’ higher, Gold +$36 (0.9%), with Silver +$2.12 (3.7%). The miner ETF of GDX is currently +3.1% at $78.38.
Gold, daily
Silver, daily
GDX, daily
Summary
Gold: currently $4091. Target remains $3500.
Silver: currently $59.80. Target remains $50
GDX: miners are powerfully higher with gold/silver, and especially the main market.
notable gold miner: NEM
–
notable silver miner: PAAS
–
Equities: sp’60min
New hist’ high, as price action remains ‘scary strong’, and strongly supportive of net upside into early/mid September. Last Wednesday’s FOMC drop is looking minor in retrospect.