Commodity Prices

Gold •20 mins	2,413.80	+15.80	+0.66%
Platinum •20 mins	943.80	-10.70	-1.12%
WTI Crude •9 hours	83.14	+0.41	+0.50%
Gasoline •9 hours	2.710	-0.003	-0.13%
Ethanol •7 hours	2.161	+0.000	+0.00%
Silver •20 mins	28.84	+0.46	+1.63%

Silver • 20 mins	28.84	+0.46	+1.63%
Copper • 20 mins	4.498	+0.061	+1.37%
Brent Crude • 8 hours	87.29	+0.18	+0.21%
Natural Gas • 9 hours	1.752	-0.005	-0.28%
Heating Oil • 9 hours	2.541	+0.007	+0.29%

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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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