US equities remain a little choppy. Meanwhile, the precious metals are a little mixed, Gold +$9 (0.4%), with Silver -1cent (0.1%). The miner ETF of GDX is currently +0.7% at $34.23.
GLD daily2
SLV daily2
GDX daily
Summary
Gold/GLD: gold is churning the low/mid $2300s. Things turn interesting >$2400.
Silver/SLV: silver printed $29.76, but has cooled back… as equities are struggling to hold gains. I can’t take silver seriously until it breaks above the recent high… >$31.00 to be decisive.
GDX: miners are moderately higher. Daily momentum prone to turning positive in 2-3 days.
notable gold miner: GOLD
Battling to hold some degree of gains.
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notable silver miner: PAAS
Struggling with silver. The bold will hold for the $28s.
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Equities: sp’60min
Yes, I’d be open to orange gap… but that clearly doesn’t merit any hysteria.