Commodity Prices

Gold •738 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,629.00	-1.10	-0.07%
WTI Crude •1 day	71.41	-0.67	-0.93%
Gasoline •1 day	2.985	-0.054	-1.78%
Ethanol •738 days	2.161	+0.000	+0.00%
Silver •738 days	30.82	+1.16	+3.92%

Silver • 738 days	30.82	+1.16	+3.92%
Copper • 738 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	76.01	-0.29	-0.38%
Natural Gas • 1 day	2.940	-0.072	-2.39%
Heating Oil • 1 day	3.553	-0.018	-0.51%

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Brad Gudgeon

BluStar Market Timer Investment Philosophy: The stock market is currently in a technical Elliott Wave Bear Market Rally. It has been exhibiting A-B-C type waves…

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SPX and GDX in Perspective

By Brad Gudgeon - Apr 07, 2017, 7:18 AM CDT

Below are daily charts of the S&P 500 and the gold miners index ETF, GDX. Right now, it seems as though these two are trading inversely for the most part. Odds are we see a gap down Friday in the stock market and a gap up in GDX. This should be followed by a strong rally for stocks into Monday and a strong drop in GDX. Overall, the stock market looks lower into April 21 with gold stocks trading higher.

S&P500 Daily Chart
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