US equities remain in chop mode. Meanwhile, the precious metals are broadly lower, Gold -$11 (0.5%), with Silver -2.2%. The miner ETF of GDX is currently -1.0% at $33.92.
GLD daily2
SLV daily2
GDX daily
Summary
Gold/GLD: gold printing $2327, not helped by marginally higher bond yields and the dollar. Broadly… its all chop.
Silver/SLV: silver printed a new cycle low of $28.86. Garbage perform’ relative to gold and equities. Even the bold will leave alone until >$31.00
GDX: miners lower with gold/silver.
notable gold miner: GOLD
Gold miners holding up better than silver ones.
–
notable silver miner: PAAS
A third day lower.
—
Equities: sp’60min
The chop continues.