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

Silver Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Deflation must be embraced
By: Alasdair Macleod

Gold’s 47-Year Bull Market
By: Steven Saville

The Precious Metals Bears' Fear of Fridays
By: Dimitri Speck

The Lemmings are Heading Towards the Cliff...Again
By: Gary Savage

28 Reasons to Buy Physical Gold
By: BullionStar

Is This Gold Rally The Start Of Something Big?
By: Avi Gilburt

GoldSeek Radio Nugget: Peter Grandich and Chris Waltzek
By: radio.GoldSeek.com

GoldSeek Radio Nugget: Andy Schectman and Chris Waltzek
By: radio.GoldSeek.com

Keeping Your Cryptos Safe From Crooks
By: Avi Gilburt with Ryan Wilday

 
Search

GoldSeek Web

 
Gold Is Home In The Range


 -- Published: Sunday, 4 January 2015 | Print  | Disqus 

By Warren Bevan

Finally, 2014 is done.

          It was a tough year in many regards and markets were definitely one of them.

          The metals also had a tough year and they do still look set to continue to struggle.

          Markets and stocks remain in a bull market and I expect 2015 to be a great year trading todays leading sectors, and those who emerge as the year plays out.

          Markets are now correcting and this correction should be short-lived again, and we should get a buy signal next week as traders return from a nice holiday.

          As markets and leading stocks bottom and begin to move back higher next week, gold and silver should break lower.

          I enjoyed some needed time away from writing over the holidays but I still spent my time in front of the screens watching, but I didn’t do too much trading.

          Soon enough, we should be heavy into stocks again.

          I hope you all enjoyed your holidays and are refreshed and ready to go next week as volume begins to come back.

          Let’s take a look at the precious metals as we kick off 2015, which will be a stunning year, I think!

 

          Gold lost 0.83% during the holiday shortened week and remains in a range between $1,180 and $1,220.

          Many people are being whipsawed in this whippy action at least on an emotional level.

          Sometimes you’ve just got to step back and look at the daily chart and the big picture.

          Wide and loose action as we’ve been seeing is rarely good.

          Usually the next break is lower and it will come next week most likely.

          One point I’ve tried to hammer home with subscribers during the holidays is that gold does tend to be pushed around or manipulated to some degree and that is much easier to do when traders are on holidays so that is part of the reason why we’ve seen such wide action lately.

          The other reason is that the chart is bearish and pointing to lower prices.

 

          Silver lost 0.32% as it also remains in a range that points to a move lower soon.

          $16.50 is the top end while $15.50 is the lower end of this range.

          You could also call this a head and shoulders pattern although it isn’t perfect but still, this chart screams lower to me.

          Trying to trade a range isn’t always easy or worth it but you can trade off those two levels if you are looking for small gains.

 

          Platinum fell 1.06% for the week and is also looking to move lower.

          This triangle is a continuation pattern and the trend is obviously down.

          Keep it simple and you’ll do fine.

          It’s the thinking that gets you into trouble usually so I try to just react without thinking too much about the why’s.

 

          Palladium fell 2.75% in the short week.

          This triangle is a continuation pattern and should soon see a break lower under the $790 area.

          Support is the $760 area but that should quickly be broken.

          While markets and leading stocks look great and set for a nice buying opportunity in the weeks and months ahead, precious metals do not.

          Enjoy the weekend end to the great holiday season.

          We’ve got some serious moves coming up so be ready and don’t forget to  subscribe to my nightly Daily Trade Ideas to find out which are the leading stocks and which ones are ready to move next.

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

          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, 4 January 2015 | 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.