US equities remain significantly higher. Meanwhile, the precious metals are very significantly higher, Gold +$36, with Silver +5.9%. The miner ETF of GDX is currently +3.3% in the $35.82s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold has printed the $1821s. Partly is a s/t technical bounce, but its also clearly helped by the cooler dollar. I need to see >psy’ $1900 to have renewed m/t confidence.
Silver/SLV: silver printed $24.18, helped by the main market, but also the weaker dollar.
GDX: miners higher with gold/silver. Things only turn ‘interesting’ >38.00.
notable miner: GOLD
Barrick Gold is powering upward with the sector. Today’s gain helps to give some confidence we have a s/t floor from the mid $22s. Soft resistance is the 200dma in the $25s.
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Equities: sp’60min
S/t momentum is on the high side, and we do have an opening gap that threatens to fill on Wed’ or Thursday.