Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

SELLING OUT OF PRECIOUS METALS AND BUYING BITCOIN…. Very Bad Idea
By: Steve St. Angelo

The Bitcoin Bubble Explained in 4 Charts
By: Jake Weber

VXX Sends an Awesome Message from Another Galaxy
By: Rick Ackerman

Asian Metals Market Update: November-22-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Gain With Stocks
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 21 2017
By: Ira Epstein

Bitcoin, Bail Ins And Bullion
By: Mike Maloney

Tactics For The Gold Bull Era
By: Stewart Thomson

Dow Peaking? The Quick Guide to Diversifying Your Stock Profits
By: Jeff Clark

What History Says for Gold Stocks in 2018-2019
By: Jordan Roy-Byrne CMT, MFTA

 
Search

GoldSeek Web

 
A Quiet Steady Week That Sets Us Up For Strong Action Now


 -- Published: Sunday, 6 July 2014 | Print  | Disqus 

By Warren Bevan

We had a nice relatively quiet but solid week for markets and stocks for the most part which is nice to see.

          You just never really know what a holiday week will bring but this one was good.

          We didn’t see a lot of large moves but leading stocks did hold up very well and are set to move higher in the week ahead, finally.

          We’ve really seen some great moves lately, but those moves have tended to only last a very short time which is not that much fun.

          Stocks and markets look, and are acting strong and we should be seeing the beginning of some larger and extended moves now, or very soon.

          Gold continues to base here and did fail a bit later in the week but still looks like the next move is higher, not lower.

          I’m not trading gold or the other metals at the moment.

          We will have lots of time as gold moves off lows, but for me, there are easier places to make money at the moment.

 

          Gold was pretty flat only gaining 0.33% for the week with many traders away with Canada Day and July 4th holidays falling in the same week.

          Gold did looks great and ready to breakout but then reversed.

          Gold is always a tough cookie to trade.  It looks so good, or bad, but then reverses so often.

          Yes, many will call it manipulation and it may well be, but no matter what it is, gold acts strange and it is rare I will trade it because of that.

          I have no positions in the metals right now.

          I know a lot of people love gold, but this game is about making money and there are much better and more predictable places to make it.

          That said, gold still looks good but is trapped in the range between, $1,330 and $1,310.

          A move either way is a breakdown or a breakout and could be traded.

          I’m not a huge fan of the heavier volume push lower Thursday but with the 50 and 21 day moving averages supporting gold here we should see the next move be higher.

 

Silver gained only 0.04% this past week and remains in the uptrend channel I talked about last weekend.

          Silver can be bought near the low end of the channel and sold near the top if you are a quick and alert trader or just bought near the low end and held until this channel breaks down.

          I’m not trading silver here but maybe in the fall once we see a better base form and I’ve seen some more action I will.

          For now, silver is fine and trending higher.

 

          Platinum gained 1.42% for the week and is showing mixed signals here.

          The $1,490 level has been tough resistance for some time now but platinum busted above that this week with great volume.

          Unfortunately, we saw what is termed a Doji bar Wednesday (circled) which often means a trend change and this bar was confirmed with Thursdays short trading day.

          If you took the breakout at $1,490 then stops have to be at cost since it looks like platinum still needs some time before it can really begin a trending move higher.

 

          Palladium gained 2.10% this past week and looks great.

          Palladium looks ready to move higher within the next week or so.

          $867.50 is the breakout level, and all-time highs, which means we have no resistance above.

          This is by far the most powerful chart of the metals I’m showing here today.

          All in all, markets, leading stocks and the precious metals are looking good for higher prices now and over the summer.

          Now, it’s just a matter of finding what will move the fastest and make you the most money.

          I’ve got my money on leading stocks who tend to move large and are much more predictable.

          I hope you had a great long weekend and are ready to get things rolling.

          We should see some great moves coming up right now.

          Thank you very much for reading and you can find out more about what I do for members as we focus on leading stocks for the most part at http://wizzentrading.com

          Enjoy your weekend.

          Warren

          In my free, nearly weekly newsletter I include many links and charts which cannot always be viewed through sites which publish my work.  If you are having difficulties viewing them please sign up in the right margin for free at http://www.wizzentrading.com or send an email to warren@wizzentrading.com with “subscribe” as the subject and receive the newsletter directly in your inbox, links and all.  If you would like to subscribe and see what my portfolio consists of please see here.

If you found this information useful, or informative please pass it on to your friends or family. 

Free Service

          The free weekly newsletter “Wizzen Trading” does not purport to be a financial recommendation service, nor do we profess to be a professional advisement service.  Any action taken as a result of reading “Wizzen Trading” is solely the responsibility of the reader.  We recommend seeking professional financial advice and performing your own due diligence before acting on any information received through “Wizzen Trading”.


| Digg This Article
 -- Published: Sunday, 6 July 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.