US equities are choppy. Meanwhile, the precious metals are rather mixed, Gold +$13 (0.7%), with Silver -0.7%. The miner ETF of GDX is currently +1.7% at $32.91.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold has printed $2008. Big target is the Aug’2020 hist’ high of $2089. Any price action >2100 would offer a run to 2400/2500 zone.
Silver/SLV: silver printed $23.73, if recovering to the low $24s. I still see this as especially vulnerable if the main market spirals lower into the summer.
GDX: miners are very significantly higher, largely helped by gold. The problem shall be any main market downside.
notable miner: GOLD
A new s/t high, as legacy green gap is being filled.
–
Equities: sp’60min
Chop chop… chop. S/t momentum continues to weaken, due to turn negative into the close, or early Tuesday. Soft target is the lower bollinger, currently 4018… and rising.