US equities remain in minor chop mode. Meanwhile, the precious metals are mixed, Gold -$16 (0.8%), with Silver +2cents (0.1%). The miner ETF of GDX is currently -0.3% at $33.73.
GLD daily2
SLV daily2
GDX daily
Summary
Gold/GLD: gold printed $2304, pressured by higher bond yields, and the stronger dollar. The current candle is a hollow red reversal, and leans s/t bullish.
Silver/SLV: silver printed a new cycle low of $28.58… if having turned fractionally positive.
GDX: miners lower with gold/silver, if above the lows.
notable gold miner: GOLD
Early weakness, but a full upside reversal.
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notable silver miner: PAAS
Early weakness, but a full upside reversal.
Daily momentum might turn positive next week.
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Equities: sp’60min
S/t momentum is fractionally positive, as the setup favours the bears for Thurs’.