US equities remain significantly lower. Meanwhile, the precious metals are a little mixed, Gold +$5, with Silver -1cent. The miner ETF of GDX is currently +0.9% in the $41.23s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold swung from the $1911s, currently just printing $1947s. The $1800s are clearly a threat, but that would NOT dent the m/t bullish trend.
Silver/SLV: silver swung from $25.99, currently in the low $27s… as intraday swings of $1 are indeed a regular feature these days.
GDX: miners have recovered with gold/silver. I am still s/t twitchy, as any main market weakness and/or dollar strength, will be a pressure on the metals and miners.
notable miner: GOLD
Barrick Gold recovering with the sector. M/t bullish, as the $37s remain within range before year end.
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Equities: sp’60min
S/t momentum continues to tick upward, and we do have a higher cycle low – relative to early Friday. Bounce target 3450/60s. A proper test of the 50dma appears probable… right now, that seems most viable next Tuesday… ahead of OPEX.