US equities are very significantly higher. Meanwhile, the precious metals are a little mixed, Gold -$1, with Silver +0.2%. The miner ETF of GDX is currently -0.8% in the $30.87s.
For some perspective… weekly charts…
GLD
SLV
GDX
Summary
Gold/GLD: gold has printed the $1718s, partly trading inverse to the positive equity market (fear bid loss), and partly due to the slightly higher dollar. Simply… zero sign of a short/mid term floor.
Silver/SLV: silver printed $27.18… and whilst cooling back to the $26s, is fairing far better than gold. Largely… its due to the more industrial nature of silver.
GDX: miners are broadly struggling with gold… breaking new multi-month lows.
notable miner: GOLD
Barrick Gold fairing better than the sector, but still s/t broken.
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Equities: sp’60min
A new intraday high, as s/t momentum is on the very high side. The only issue is whether yellow gap is tagged… before a new hist’ high.