Commodity Prices

Gold •417 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,353.20	-9.90	-0.73%
WTI Crude •10 mins	64.13	+0.47	+0.74%
Gasoline •17 mins	2.153	-0.006	-0.27%
Ethanol •417 days	2.161	+0.000	+0.00%
Silver •417 days	30.82	+1.16	+3.92%

Silver • 417 days	30.82	+1.16	+3.92%
Copper • 417 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.16	+0.43	+0.63%
Natural Gas • 10 mins	2.640	-0.058	-2.15%
Heating Oil • 10 mins	2.338	+0.030	+1.30%

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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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