US equities are battling to build moderate gains. Meanwhile, the precious metals are significantly lower, Gold -$19, with Silver -1.5%. The miner ETF of GDX is currently -1.9% in the $39.16s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed the $1894s, largely pressured by the dollar.
Silver/SLV: silver printed $24.46, pressured by the dollar, but also the weaker main market.
GDX: miners are lower with gold/silver, and neither helped by the (earlier) weaker main market. Original PF target of the $33s appears probable.
notable miner: GOLD
Barrick Gold is lower with the sector. The 200dma in the $24s remains a threat, not least if the main market can’t hold >sp’3400.
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Equities: sp’60min
Price action remains choppy, and can be expected to remain so into the close.