2pm update – metals and miners

US equities are leaning upward. Meanwhile, the precious metals are leaning weak, Gold -$6 (0.3%), with Silver -0.1%. The miner ETF of GDX is currently -0.6% at $33.68.

GLD daily2

SLV daily2

GDX daily

Summary

Gold/GLD: gold printed $2346, if cooling to currently $2332, for what is 2.6mths of chop, or arguably bullish consolidation.

Silver/SLV: silver printed $30.13, if cooling to currently $29.66. Things turn interesting >$31.

GDX: miners have seen early sig’ gain turn to moderate declines, as gold/silver remain broadly stuck.

notable gold miner: GOLD

A third day lower… if holding above the mid June low.
–

notable silver miner: PAAS

A second day lower, marginally above the June low.
—

Equities: sp’60min

Micro chop, if leaning upwards.