US equities remain a little choppy. Meanwhile, the precious metals are sig’ higher, Gold +$48 (1.1%), with Silver +$4.22 (4.8%). The miner ETF of GDX is currently +0.5% at $105.75.
Weekly charts for perspective…
GLD
SLV
GDX
Summary
*Psy’ $5K and $100 will clearly be monstrously important thresholds, with serious of a s/t top. Again… to be clear, I have ZERO interest in being short the metals/miners this side of 2032.
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Gold/GLD: new hist’ high of $4988, currently around $4965
Silver/SLV: new hist’ high of $101.36, currently around $100.94
GDX: the collective of miners print a new hist’ high. Relative to the gains in gold/silver, the miners do appear VERY tired. The cautious will be raising stops and/or reducing position size.
notable gold miner: AEM
New hist’ high, if cooling back.
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notable silver miner: PAAS
New hist’ high
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Equities: sp’60min
The minor chop continues.
Bulls could argue multi-day structure is a bull flag.