2pm update – metals and miners

US equities are rebuilding gains. Meanwhile, the precious metals are mixed, Gold +$80 (1.8%), with Silver -80cents (0.9%). The miner ETF of GDX is currently -0.2% at $102.61.

GLD daily

SLV daily

GDX daily

Summary

Gold/GLD: new hist’ high of $4887, currently around $4842. Giant psy’ $5K is viable before the weekend.

Silver/SLV: currently around $93.28. It now appears Gold $5K might only equate to silver testing psy’$100, although in some ways, that would be appropriate.

GDX: miners broke a new hist’ high, if cooling back.

notable gold miner: AEM

New hist’ high, if cooling back.
–

notable silver miner: PAAS

New hist’ high, if cooling back.
–
Equities: sp’60min

That is a nice candle with a floor spike from the opening gap.