US equities are significantly higher. Meanwhile, the precious metals are broadly higher, Gold +$9, with Silver +1.6%. The miner ETF of GDX is currently +1.1% in the $37.91s.
Weekly charts, for some perspective…
GLD
SLV
GDX
Summary
*its not been a great week for the metals/miners, although price structure is still a multi-month bullish pennant, and bodes m/t bullish.
Gold/GLD: Gold printed the $1895s, helped by a fractionally weaker dollar. Set for a net weekly decline of -3.4%.
Silver/SLV: Silver printed $24.90, helped by a positive main market. Set for a net weekly decline of -3.7%.
GDX: Miners ending the week on a positive note, although still set for a net weekly decline of -8.5%.
notable miner: NEM
Newmont is a little laggy to the sector ETF of GDX, as the juniors are leading today.
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Equities: sp’60min
S/t momentum is still ticking upward, still due to turn positive… as we’re set for broad/sig’ gains.