• 868 days Will The ECB Continue To Hike Rates?
  • 868 days Forbes: Aramco Remains Largest Company In The Middle East
  • 870 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,270 days Could Crypto Overtake Traditional Investment?
  • 1,275 days Americans Still Quitting Jobs At Record Pace
  • 1,277 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,280 days Is The Dollar Too Strong?
  • 1,280 days Big Tech Disappoints Investors on Earnings Calls
  • 1,281 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,283 days China Is Quietly Trying To Distance Itself From Russia
  • 1,283 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,287 days Crypto Investors Won Big In 2021
  • 1,287 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,288 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,290 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,291 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,294 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,295 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,295 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,297 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

The Fed, Stock Market and the Miners

From this vantage point, it looks as though the precious metals complex will trade opposite the stock market throughout the month of June. The miners look as though they are bottoming, while the stock market looks as though it is topping. The jobs report on June 3rd will likely play with investors minds until June 15th, when all should reverse.

Below are charts of SPX and GDX and my expectations going forward for the month:

SPX Daily Chart
Larger Image

GDX 2-Hour Chart
Larger Image

 


Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The subscription website is www.blustarmarkettimer.info

 

Back to homepage

Leave a comment

Leave a comment