Monday, 25 March 2019

2pm update - metals and miners

US equities remain choppy, still s/t cyclically inclined to lean upward. Meanwhile, the precious metals are broadly higher, Gold $9, with Silver +0.9%. The miner ETF of GDX is currently +2.0% in the $23.20s.   

GLD daily

GDX daily


Gold/GLD: gold has printed $1322s. Its kinda interesting, but as ever... its ALL broad chop. Things only turn decisive >1400s.

GDX: miners are catching a bid today, clearly helped via higher metals.

notable miner: NEM

Newmont Mining announced a special dividend of 88cents, conditional on the merger with Goldcorp (GG) being agreed/finalised.  Valid/superior alt: Barrick Gold (GOLD)

Equities: sp'60min

Price action is choppy... and we're still s/t cyclically on the low end. The threat will be of upside into the close and stretching into early Tuesday.

*I can't be dealing with any further server uncertainty, so ALL posts for the remainder of today will be HERE.    yours... is it Friday yet?