US equities are very significantly higher. Meanwhile, the precious metals are moderately mixed, Gold +$3, with Silver -0.8%. The miner ETF of GDX is currently +1.5% at $35.22.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1870… if recovering a little to $1889. Today’s perform’ is better, when you consider the stronger dollar.
Silver/SLV: silver printed $22.94, if recovering to the low $23s. A lousy perform’ relative to the main market. Not helped by the dollar.
GDX: miners higher with the main market. S/t bullish. My concern is the main market into early summer, which might drag the miners to some extent.
*I hold long via GOLD, AG, HL, KGC. I hope to at least dig myself out of GOLD within 1-2 weeks.
notable miner: NEM
The sector leader… continues to lead. The recent repeated bounces from support are a good sign into May.
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Equities: sp’60min
Set for very sig’ gains. Purple gap already hit.
CNBC stock draft should actually be kinda fun… check it out!