2pm update – metals and miners

US equities are still leaning weak. Meanwhile, the precious metals are very significantly lower, Gold -$30, with Silver -4.0%. The miner ETF of GDX is currently -1.6% in the $40.01s.

GLD daily

SLV daily

GDX daily

Summary

Gold/GLD: gold printed $1889s, clearly impacted by the stronger dollar.

Silver/SLV: silver printed $24.02, again… pressured by the dollar. Core support 21/20s.

GDX: miners hit by gold/silver, and a somewhat weak main market.

notable miner: NEM

Newmont lower with the sector. I remain twitchy that original prime target of the $55s might still be hit.

Equities: sp’60min

S/t momentum is on the low side, and the bulls are going to have another opportunity on Wednesday.