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 Rise with Stocks
By: Chris Mullen, Gold Seeker Report

Precious metals marketplace OneGold extends a rare offer of Gold and Silver at spot price
By: OneGold

Ira Epstein's Metals Video 1 16 2019
By: Ira Epstein

Goldcorp-Newmont deal points to more M and A
By: Richard (Rick) Mills

Silver – 1993 and 2001 Repeat
By: Gary Christenson

The Newmont-Goldcorp Deal Is Positive News for Gold Mining
By: Frank Holmes

Northern Vertex Mining Presents a Video of the Moss Gold Mine, NW Arizona, USA
By: Northern Vertex Mining Corp.

Gold Holds Steady Near $1,300/oz As Geopolitical Risks Including Brexit Loom Large
By: GoldCore

Gold Seeker Closing Report: Gold and Silver End Slightly Lower in Mixed Trade
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 1 15 2019
By: Ira Epstein


GoldSeek Web

Beautiful Gold Action

 -- Published: Sunday, 1 February 2015 | Print  | Disqus 

By Warren Bevan

          As markets go, they always change and they changed again this past week.

          Two weeks ago, stocks began to finally act properly and gave us a great week, but then this past week they reverted back to a market of false breakouts and chop.

          So, we’re back to day-trading mostly once again.

          Not that this is a bad thing since you go home with all your cash everyday and we are experiencing some large volatility which means we can make very large gains on a small outlay of cash in a very short amount of time.

          Day-trading isn’t all that much different than swing trading, it’s just on a much shorter timeframe.

          I know many people can’t take advantage of day-trading like I or others who watch the markets all day but for those who can, it can be very rewarding.

          The metals showed nice weakness and now seem to have put in the higher low as I talked about here last weekend so let’s check into their charts.


          Gold lost 0.80% for the week after a great bounce Friday.

          Last week I said gold should roll over and give us a higher low for this move to be sustainable and that is exactly what happened this week.

          Honestly, I did think gold would hang out near the 200 day moving average for a few days before rolling back higher but it roared off the 200 day average right away Friday which is great to see.

          Volume wasn’t huge but that is fine for now.

          We’ve got a great bull flag here now and the fact that gold did not want to stay below it is a great sign.

          I’d prefer to see large volume once we breakout of this bull flag.

          Now we’ve got the $1,286 area as buy point and I may take a trade in gold with a move to the $1,320 area on the horizon now.

          I’m still not 100% sure that a major low is in place yet but in time we can complete this large base and a breakout above the $1,400 area will tell me the major low is in.

          It still may take a month or more for this to take place.


          Silver lost a hefty 5.84% this past week but gold is still the leader and the one we should really be focused on.

          Silver is still having trouble moving above its 200 day moving average and still has some work to do.

          The $17 level is holding well and silver is turning up to hit the $18 area in the week ahead.

          Silver will follow gold.


          Platinum lost 2.28% for the week but is also turning higher off support at $1,225 and the 50 day moving average.

          Platinum will continue to follow gold and a break above the $1,250 level would be a buy signal.

          Platinum now has $1,300 in its sights.


          Palladium lost 0.50% this past week and doesn't look as strong as the other precious metals for once.

          Palladium has acted much better than the other metals but was dragged down by their weakness.

          I’m not too sure about palladium here but a move under $760 would not be good while a move above $800 would be very positive but the 200 day average sits just above at $820 and is always a major hurdle for any stock, metal or market.

          So while we can make very good money without using much with stocks in this market, metals do look set for a swing trade type of breakout and I am considering trading it now.

          That said, be weary of false breakouts and take losses quickly if they come.

          It remains quite dangerous and you’ve really got to be on your game so if you’re partaking in SuperBowl festivities Sunday evening perhaps it’s better to trade lightly or not at all Monday.

          Also of note is because of time decay, day-trading using options can be much more profitable near the end of the 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


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, 1 February 2015 | 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 - 2019 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, Gold Seek LLC, its affiliates or advertisers., Gold Seek LLC 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, Gold Seek LLC, is strictly prohibited. In no event shall, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.