2pm update - metals and miners cooling

With the broader US capital market in a rather bullish mood to end the week, the precious metals and related mining stocks have resumed cooling. Gold -$11, with the miner ETF of GDX -1.3% around $20.00. 


GLD, daily2

GDX, daily2

Summary

Its a little hard to envision a retrace completing to the target zone by next Wednesday afternoon, but regardless... that remains the basic target.
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Meanwhile...  notable hysteria in SDRL

.. although well below last Friday's high.
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back at 3pm