Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

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

Will The Fed Sacrifice Retirement Portfolio Values For The "Common Good"?
By: Daniel R. Amerman, CFA

Here's How We Discovered This Disruptive Gold Stock... Before It Went Public
By: Frank Holmes

GoldSeek Radio Nugget: Rob Kirby and Chris Waltzek

Silver: Supported by D.C. and The Deep State
By: Gary Christenson

Blue Sky Uranium Reports over 1% U3O8 and 0.1% V205 in Pit Sampling Adjacent to Ivana Uranium-Vanadium Deposit
By: Blue Sky Uranium Corp.

Gold Oil and Commodities …Back to the Future?
By: Rambus

Investors And Analysts Know Nothing About Gold
By: Avi Gilburt

The New China and Gold
By: Arkadiusz Sieron

Pound Falls 2.5% Against Gold as UK Government in Turmoil Over Brexit
By: GoldCore


GoldSeek Web

Chop For Metals And Blood For Markets

 -- Published: Sunday, 19 October 2014 | Print  | Disqus 

By Warren Bevan

A wild, tough week that saw some major declines and large swings.

          I did say here last week that “Cash is the most important position to take at times and now is that time.”

          Subscribers get much more detailed information on a nightly basis and we did hit a few shorts this past week that worked, but only in small size.

          At times like this, being able to sit mostly in cash and avoid the pain is a huge win.

          So many people do well in strong markets but can’t sit out the tough times and end up giving back all or more of the gains they got in the strong times.

          You won’t get ahead doing that.

          I help members stay in cash with the odd trade here and there until it is once again safe to trade and then we go heavy in the best, leading and fastest moving stocks in the current cycle.

          Enough of my shameless promotion, but it’s true!

          As for the metals, they are still mostly chopping around after a large decline.

          The chop and moves higher can last a couple months before we really know if a low is in, or if we are set to continue lower.

          Let’s see what the charts are saying this weekend.


          Gold ended the week up a slight 1.24% but still unable to best $1,240.

          $1,240 remains resistance as gold can’t close the day above that level.

          I do expect it to be broken to the upside very soon and we will see gold move to $1,260, then $1,280.

          I’m not trying to play these small slow moves since it really isn’t worth the risk reward in my view.

          While markets and metals frankly suck right now, it’s good to get outside and enjoy the beautiful fall weather.

          More chop for gold is in the forecast.


          Silver lost 0.66% for the week and is not wanting to break higher as much as gold which tells me that after leading for sometime, silver may relinquish that role to gold in the near future.

          Silver has to get above this $17.75 area and then the above resistance levels which begin at $18.50.

          Nothing excites me here yet.


          Platinum lost only 0.06% for the week but does look ready to move higher.

          Once platinum moves past this $1,275 level we could move all the way back to $1,400 which is a trade worth considering.

          That said, if you do take the trade, the $1,300 level is very important to watch.

          The action has to be strong and quickly push past $1,300 or the move is not likely to happen.


          Palladium lost 3.82% and may have now put in a double bottom.

          It’s a bit early to say for sure that a double bottom is in but a move above $780 would be very positive.

          It is a bit tough to say too much about anything with any certainty this week but markets do not look to have put a low in to me yet so more downside is likely in the weeks ahead while metals have found at least temporary lows and are slowly working their ways higher.

          This trading game can be very busy and all-consuming so when things are dangerous, as they are now, I try to take things a bit easier.

          I still do all my nightly homework and am in the office most of the day but instead of a 10 hour or more day, it may be down to 6 to 8 a couple days a week.

          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


          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 or send an email to 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, 19 October 2014 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2018 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of 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 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, its affiliates or advertisers. 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, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.