Commodity Prices

Gold •19 mins	1,968.50	+18.90	+0.97%
Platinum •19 mins	988.10	+1.10	+0.11%
WTI Crude •10 mins	70.07	-0.83	-1.17%
Gasoline •11 mins	2.572	-0.021	-0.82%
Ethanol •2 hours	2.161	+0.000	+0.00%
Silver •19 mins	23.01	+0.22	+0.96%

Silver • 19 mins	23.01	+0.22	+0.96%
Copper • 19 mins	4.037	-0.008	-0.19%
Brent Crude • 1 hour	76.69	+1.37	+1.82%
Natural Gas • 10 mins	2.205	+0.034	+1.57%
Heating Oil • 14 mins	2.722	-0.018	-0.67%

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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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