Commodity Prices

Gold •403 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,333.40	-6.20	-0.46%
WTI Crude •10 mins	63.43	-0.45	-0.70%
Gasoline •10 mins	2.073	-0.013	-0.63%
Ethanol •403 days	2.161	+0.000	+0.00%
Silver •403 days	30.82	+1.16	+3.92%

Silver • 403 days	30.82	+1.16	+3.92%
Copper • 403 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.19	-0.40	-0.60%
Natural Gas • 10 mins	2.909	-0.081	-2.71%
Heating Oil • 12 mins	2.263	-0.016	-0.71%

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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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