Gold & Silver, Update

We’re just about two and a half hours into the Sunday, overnight session.
Once again, it’s not necessarily about ‘what’s happening’, but ‘what’s not happening’.
Both Gold and Siver June contracts, GDM 25 and SIM25 respectively, are trading lower but have not made a new daily low … yet.
As of this post, silver is closer to a new daily low than gold.
The 24-Hour Market
As a reminder, some equities and ETFs are now essentially trading 24-hours a day (five days a week).
Leveraged Inverse Fund (for GDX), DUST is one of them.
The close on Friday for DUST, was 29.91. It’s now at 29.94, indicating some slight upward pressure (down on GDX).
It may be the immediate (upward) pressure on gold has been mitigated by this report (not advice, not a recommendation).
Stay Tuned
Charts by StockCharts
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
The Danger Point®, trade mark: No. 6,505,279

