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

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

GLOBAL FINANCIAL BREAKDOWN CONTINUES: Economic Growth Chokes On Massive Debt Increases
By: Steve St. Angelo

Asian Metals Market Update: May-25-2018
By: Chintan Karnani, Insignia Consultants

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

Gold Resource Corporation Declares May Monthly Dividend
By: Gold Resource Corporation

Goldsource Announces Discovery and Additional Exploration Results at Eagle Mountain; 123 metres Grading 1.92 gpt Au
By: Goldsource Mines Inc.

GoldSeek Radio Nugget: Bob Hoye and Chris Waltzek
By: radio.GoldSeek.com

There Is A Lot Of Financial Pain Coming For The United States Of America
By: Avi Gilburt

Ira Epstein's Metals Video 5 23 2018
By: Ira Epstein

June Hike Is Coming. Will Gold Survive?
By: Arkadiusz Sieron

 
Search

GoldSeek Web

 
The Quietest Week Of The Year


 -- Published: Monday, 11 May 2015 | Print  | Disqus 

By Warren Bevan

Markets remained in their large patterns for the most part with the exception of the Russell 2000, who seemed to be leading us lower but now not so much.

          Markets remain muddled as a result and until we breakout one way or another I’ll sit in cash and wait.

          I didn’t really do anything this past week in terms of trading even though we did see some strong moves both up and down, but still within the choppy pattern we’ve seen for some time.

          As for the metals, they also remained trapped in a range and will until they don’t.

          All in all, May has been pretty boring thus far but that will change since markets are nearing the end of their large triangle patterns.

 

Gold gained 0.85% this past week and remains in its range.

          There is nothing new to report.

          The trend remains lower and we are stuck in a range between $1,210 to $1,215 on the upside and $1,180 on the downside.

          A break either way could be bought or shorted but since the major trend remains lower, chances are that is the direction of the next move.

 

          Silver gained 1.86% and also remains in a range.

          The trend does remain lower but this chart looks like it wants to move higher so we just have to wait and see which way it breaks.

          A break above $16.75 would be positive and a buy level while a move under $16 could be shorted.

 

          Platinum gained 0.90% and is getting very tight in it’s small triangle pattern which means it should soon move and as always, it will follow gold and silver.

 

Palladium gained 3.45% and was the standout this past week.

          Palladium is now trading against the 200 day moving average which is always a resistance level and above that, $820 is major resistance.

          This chart does look good for higher but it will follow gold and silver lower if that is where they move.

          All in all, the past week didn’t really happen with metals and markets doing nothing worth speaking of and we may see another week of little to no action which is fine.

          When things are slow and there is no trend, I keep a close eye on things but I’m not in the office nearly as much which is a nice change.

          I’m never too far away though in case I do see moves begin to happen.

          Enjoy the quiet markets and this great life we’ve got.

          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 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: Monday, 11 May 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.