Commodity Prices

Gold •779 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,886.90	+47.80	+2.60%
WTI Crude •11 mins	86.80	-0.03	-0.03%
Gasoline •11 mins	3.330	+0.067	+2.06%
Ethanol •779 days	2.161	+0.000	+0.00%
Silver •779 days	30.82	+1.16	+3.92%

Silver • 779 days	30.82	+1.16	+3.92%
Copper • 779 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	94.03	+0.25	+0.27%
Natural Gas • 11 mins	2.752	+0.019	+0.70%
Heating Oil • 11 mins	4.472	-0.008	-0.18%

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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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