Korelin Economics Report

Updates on the US markets, Gold and GDX

We did not see the US markets breakdown further today but the move up has not turned the charts bullish. As for the metals, silver had a nice day and gold was up but the stocks gave us a real mixed bag. Starting the day nicely up then pulling back for 3 hours to turn and close just slightly up. As positive as anyone would like to get we remain range bound but thankfully the lower part of the range is $1,200 and above.

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