US equities remain in minor chop mode. Meanwhile, the precious metals are a little mixed, Gold +$8, with Silver -0.3%. The miner ETF of GDX is currently -1.5% in the $35.42s.
GLD daily
SLV daily
GDX 60min
Summary
Gold/GLD: gold printed $1847 in early morning, helped by the cooler dollar. S/t messy, and the gold bugs need >psy’1900 to have renewed m/t confidence.
Silver/SLV: silver printed $24.42 this morning, helped by the dollar and a positive main market.
GDX: miners saw an opening reversal, set for net daily declines.
notable miner: NEM
Newmont is faring better than the sector, as has been the case for a long while. Bulls need to see the 50dma $62s cleared, as daily momentum remains due to turn positive.
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Equities: sp’60min
Further chop can be expected into the close.