2pm update – metals and miners

US equities are broadly higher. Meanwhile, the precious metals are strongly higher, Gold +$82 (1.8%), with Silver +$3.33 (4.0%). The miner ETF of GDX is currently +4.2% at $105.53.

GLD daily

SLV daily

GDX daily

Summary

*yes, the risk is that we’re due to see Gold stall around $5K, with Silver near $100. The cautious… will be such. At the very least… raised stops, and/or lightening position size.
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Gold/GLD: printing a new hist’ high of $4915, currently around $4913

Silver/SLV: printing a new hist’ high of $96.59, currently around $96.13.

GDX: new hist’ high.

notable gold miner: AEM

New hist’ high
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notable silver miner: PAAS

New hist’ high
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Equities: sp’60min

Teal gap set to be fully filled.