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

Gold Seeker Closing Report: Gold and Silver Gain About 1%
By: Chris Mullen, Gold Seeker Report

Northern Vertex Files Preliminary Economic Assessment Report for the Moss Gold Mine in NW Arizona
By: Northern Vertex Mining Corp.

Does The CoT Structure Prohibit A Rally?
By: Craig Hemke

Harry Dent’s Gold Prediction Invalidated
By: Przemyslaw Radomski, CFA

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

Geopolitical Risk Highest “In Four Decades” – Gold Demand in Germany and Globally to Remain Robust
By: GoldCore

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

 
Search

GoldSeek Web

 
Metals Bouncing While Markets Remain Strong


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

By Warren Bevan

A nice week for leading stocks and markets who are teetering at all-time highs once again.

          The bull markets is slowly raging on and that is great.

          Once we begin to really see things get out of control on the upside the end will be near but no matter what the bears and correction callers say, we are not yet there.

          This bull market should eclipse the spectacular one in the late 90’s where so many people made their millions when all was said and done.

          The metals were week and tried to breakdown but they couldn’t which says they are ready for a bounce.

          The question is just how far will they bounce.

          I don’t think too far so let’s check the charts.

 

          Gold gained only 0.85% for the week but more importantly, it tried to fall but couldn’t.

          If something can’t fall, it will most likely rise.

          We’ve got a small U pattern here but much resistance not far overhead.

          The 21 and 50 day moving averages are just above here and will pose some resistance but above that the $1,235 and $1,260 are major levels and of course the 200 day moving average at $1,248.

          We may see gold rise to $1,260 over the next couple weeks but still the path of least resistance remains lower.

 

          Silver gained 2.09% this past week and also tried to break lower but couldn’t.

          Silver is having a bit of trouble with the 50, 21 and 100 day moving averages clustered together here at the $16.70 area but it is very close to breaking higher and $17.50 is the next major resistance level.

          All we can do is recognize when things change as it did with gold and silver this week and then look for where they will move to next.

          Once silver hits $17.50 then I’ll see what it forms on the chart and how it acts and go from there.

 

          Platinum gained 2.08% this past week and also looks set for a bounce.

          A break above $1,196 will see the $1,225 area tested where the 100 and 50 day moving averages sit before platinum most likely moves back to test major resistance at $1,250.

 

          Palladium had a huge week and gained 5.09% before stopping dead at the 200 day moving average and strong horizontal resistance.

          I think we should consolidate here while the other metals catch up but if not, look for resistance at $840 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

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 March 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.