Commodity Prices

Gold •295 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	971.20	-9.10	-0.93%
WTI Crude •10 mins	62.53	-0.26	-0.41%
Gasoline •10 mins	2.107	+0.002	+0.07%
Ethanol •295 days	2.161	+0.000	+0.00%
Silver •295 days	30.82	+1.16	+3.92%

Silver • 295 days	30.82	+1.16	+3.92%
Copper • 295 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.24	-0.31	-0.47%
Natural Gas • 10 mins	2.910	-0.020	-0.68%
Heating Oil • 10 mins	2.152	+0.008	+0.37%

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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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