2pm update – metals and miners

US equities are very significantly lower. Meanwhile, the precious metals are powerfully higher, Gold +$161 (3.8%), with Silver +$4.53 (5.6%). The miner ETF of GDX is currently +4.9% at $102.04.

GLD daily

SLV daily

GDX daily

Summary

*Gold $5K should equate to Silver 115/120… at the current rate… by mid February.
—

Gold/GLD: new hist’ high $4766, currently around $4758

Silver/SLV: new hist’ high $95.87, currently around $94.46.

GDX: new hist’ high.

notable gold miner: AEM

New hist’ high.
–

notable silver miner: PAAS

New hist’ high.
–

Equities: sp’60min

New intraday low. S/t cyclically VERY low.