US equities remain in minor chop mode. Meanwhile, the precious metals are moderately mixed, Gold +$13, with Silver -0.1%. The miner ETF of GDX is currently -0.2% in the $35.90s.
GLD daily
SLV daily
GDX 60min
Summary
Gold/GLD: gold printed $1835 overnight/early… and after a retrace, is back near the highs. Things turn interesting again >psy’1900, which IS within range before year end.
Silver/SLV: silver printed $23.68, but has recovered to the $24s. Old resistance 21/20 has been acting as new support. Having printed the $29s this past summer, next upside target is the 35/37 zone.
GDX: miners are just seeing some consolidation after Tuesday gains. Another push toward the $38s appears due.
notable miner: NEM
Newmont pinned back, after Jefferies downgrade 68>55, which makes little sense. Daily momentum still due to turn positive.
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Equities: sp’60min
S/t momentum has turned fractionally negative. A full fill of orange gap is a threat on Thursday. Regardless… that is just some cooling from the historic high.