US equities are choppy, if very significantly higher. Meanwhile, the precious metals are moderately higher, Gold -$2 (0.1%), with Silver +0.3%. The miner ETF of GDX is currently +0.8% at $30.62.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: $1837.... tedious... for what is a short/mid term mess. All those gold bugs touting hyper bullish targets have nothing... until >$2100s.
Silver/SLV: silver is printing the $21.70s, a s/t mess until >$25.50. Bulls need >psy' $30 to have confidence the m/t chop-fest is over.
GDX: miners higher with gold/silver, but the gains are weak... especially relative to the main market.
*I hold long the sector via GOLD, AG, HL, KGC.
notable miner: GOLD
A short/mid term mess.
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notable miner: FCX
Last week's copper loss of $4.00 merits alarm bells.
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Equities: sp'60min
We have a provisional cyclical rollover, but I don't trust it. S/t price structure is a baby bull flag, threatening green gap. That won't be easy though.
