Equities as a whole are seeing the morning gap higher close, as the selling picked up since the opening bell.
What is most peculiar about this morning’s action, though, is seeing the big spread between the leading miners (in the precious metals complex) versus the lagging metals.
The two charts below illustrate this, daily timeframes of the gold miner and silver ETF’s. I am currently long both inside 12631 and will be watching this spread closely to see in which direction it resolves.
___________________________________________________________
___________________________________________________________
still in $RGLD from 49.66, looking for it to fill/stay above gap from first week of September
Like it, Vin