LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

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

Precious Metals Update Video: Gold up as people ran into safe havens
By: Ira Epstein

COT Gold, Silver and US Dollar Index Report - March-22-2019

Gold Mid-Tiers’ Q4’18 Fundamentals
By: Adam Hamilton, Zeal Research

Self-Destruction: Cheerleading the Process
By: Gary Christenson, Deviant Investor

The U.S. Economy Is In Big Trouble
By: Dave Kranzler

Gold Resource Corporation Mirador Mine Development Crosscuts 6 Meters of 992 Grams Per Tonne Silver
By: Gold Resource Corp.

Central Banks Are Messing With Your Head
By: Thorsten Polleit

A Permabear Talks Lollipops and Roses
By: Rick Ackerman, Rick's Picks

Gold …Some Confirmations to Watch For
By: Rambus

On The Hot Seat
By: Ted Butler


GoldSeek Web

Metals & Markets Reversing Lower

 -- Published: Sunday, 8 March 2015 | Print  | Disqus 

By Warren Bevan

A very quiet week for many stocks and markets until Friday when we saw a break.

          Believe it or not, we’re quite oversold here now already so I’m not really expecting much more than another day or two of weakness before we bounce.

          I’ll be Johnny on the spot when the bounce does come and we should be able to make some good quick returns.

          As for the metals, last weekend I told of a coming move higher but Monday saw that attempt fail so I told subscribers that the most likely move had changed once again to lower.

          By Thursday the metals charts had setup for a break lower and we had short points ready to go but the metals gaped lower on us leaving us out of the trade.

          I have said it a million times and I will again.

          To really trade metals a European zip code or insomnia is required.

          I love my sleep and do not live in Europe so gaps are prevalent by the time I wake up too often to really trade the metals.

          We can catch larger trends but it seems that the initial move always starts with a gap leaving me out of the trade.

          A quick look at the GLD chart will show you the many gaps and confirm my message.

          Let’s check the futures charts.


          Gold tried to move above the moving averages at $1,220 and failed so that tells of weakness right there and gold ended the week off by 3.75%.

          After the failed breakout gold went on to form an inverted U pattern or a H before breaking hard Friday.

          There is some support here at $1,170 and then below at $1,140 but then there isn’t much until the $1,000 level I’ve been talking about now on and off for the past couple years.

          The trend has remained lower for the most part with a few short-lived bright spot and a nice long base or two but as the saying goes, don’t fight the trend, which is lower.


          Silver fell 3.92% for the week and has $15 squarely in its sights now.

          Volume is picking up as we break $16 and I may find a short in it Monday but time will tell.

          No need to fight the dominant trend but the blood in the streets and extreme pain moments are still not here, but perhaps later this year we will finally get our low.


          Platinum lost 2.46% on the week and seems ready to make some big moves.

          If it can’t rise, it must fall and fall it is.

          Next support on the long-term chart is at $1,100 and then major support dating back to 2004 and a bit in 2007 is way down to $885.

          Metals remain under pressure and markets are now as well but that should not last too long.

          Leading stocks are holding up quite well so take note of those who hold up well and buy them on any weakness they do give you once markets begin to turn back up or join me and I’ll do the legwork for you.


          Palladium gained 0.09% for the week but is now heading lower.

          The nice bull flag just doesn’t matter since gold and silver always lead palladium and platinum.

          Palladium is now breaking the flag and 200 day average and the next support level is the moving average cluster and horizontal support at $790.

          I hope you have a splendid weekend and are doing well in markets and life in general.

          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


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, 8 March 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.