Commodity Prices

Gold •10 mins	1,931.00	-5.60	-0.29%
Platinum •10 mins	913.90	-9.70	-1.05%
WTI Crude •10 mins	88.92	-0.76	-0.85%
Gasoline •27 mins	2.505	-0.039	-1.54%
Ethanol •13 hours	2.161	+0.000	+0.00%
Silver •10 mins	23.30	-0.09	-0.38%

Silver • 10 mins	23.30	-0.09	-0.38%
Copper • 10 mins	3.657	-0.014	-0.37%
Brent Crude • 10 mins	92.53	-0.76	-0.81%
Natural Gas • 10 mins	2.605	-0.034	-1.29%
Heating Oil • 11 mins	3.203	-0.059	-1.81%

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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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