US equities remain in minor chop mode. Meanwhile, the precious metals are broadly higher, Gold +$25 (1.2%), with Silver +0.5%. The miner ETF of GDX is currently +1.3% at $34.27.
GLD daily2
SLV daily2
GDX daily
Summary
Gold/GLD: gold printed $2342, helped by lower bond yields, and a marginally weaker dollar. Broadly… its been 2.5 months of chop.. if with a recent new hist’ high of $2454.
Silver/SLV: silver printed $29.58. I’ll take it (commodity silver) seriously again… >$31.00.
GDX: miners set for sig’ gains.
notable gold miner: GOLD
Yesterday’s bullish engulfing candle played out.
The current candle is black.
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notable silver miner: PAAS
Sig’ gains… fading.
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Equities: sp’60min
Chop chop… but we’ve Roaring Kitty to keep us awake.