US equities are holding very significant gains, ahead of the 2pm press release from Print Central. Meanwhile, the precious metals are very significantly higher, Gold +$40, with Silver +4.9%. The miner ETF of GDX is currently +6.6% in the $41.03s.
GLD daily
SLV daily
GDX daily
Summary
*broader price structure in gold, silver, and the miners, is a bullish pennant, and its playing out.
Gold/GLD: gold has printed the $1954s, helped by the cooler dollar.
Silver/SLV: silver printed $25.27, helped by the positive main market, and a cooler dollar.
GDX: miners higher with gold/silver, and helped by the positive main market. A clear break above trend.
notable miner: GOLD
Earnings from Barrick Gold were unquestionably good, and the stock is seeing chasers start to pile in. Grander m/t target are the 36/37s.
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Equities: sp’60min
S/t momentum continues to tick lower, as Mr Market is arguably looking for any excuse for some cooling.