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 Pare Yesterdayís Gains; Dow Drops 700+
By: Chris Mullen, Gold Seeker Report

SSR Mining begins drilling at Eagle Plains (TSX-V: EPL) Fisher Gold Property
By: Nicholas LePan,

Worried About Rising Rates? I Believe this Strategy Could Be the Answer
By: Frank Holmes

Is It The Trade War Threats Or Extreme Overvaluation?
By: Dave Kranzler

GoldSeek Radio Nugget: Peter Schiff and Chris Waltzek

When Is Three Better for Gold Than Four?
By: Arkadiusz Sieron

Mining Gold and Silver From Bombs
By: Rory Hall

Golden Arrow Starts Drilling at Antofalla Silver-Gold-Base Metal Project, Argentina
By: Golden Arrow Resources Corporation

Gold +1.8%, Silver +2.5% As Fed Increases Rates And Trade War Looms
By: GoldCore

Gold Seeker Closing Report: Gold and Silver Gain Roughly 2% After Fed
By: Chris Mullen, Gold Seeker Report


GoldSeek Web

Miners Were Right

 -- Published: Monday, 25 May 2015 | Print  | Disqus 

By Warren Bevan


Stocks and markets had another steady week as we moved into the long weekend and remain poised for a great move into new highs but they have yet to really do so.

            Weíve seen these slow grinding moves higher which have been followed by fast and hard corrections so any whiff of a strong correction will see me return to cash quickly so keep your eyes out for that potential.

            In the meantime, Iím heavy into stocks and they are doing well, itís just now a matter of where to lock in gains.

            That said, more and more charts are setting up well so there is no lack of places to put money to work these days.

            As for the metals, they tried to  breakout but then failed and are now back in their ranges so there isnít much to consider in that space for the moment.

            Gold lost 1.44% this past week after a failed breakout as the miners suggested last weekend.

            Last week I told that the miners led the breakout in gold and silver but then signalled that the breakout would fail and it did in the week just passed.

            Gold could not stay above the 200 day moving average at $1,220 for long and is now stuck back in its range.

            $1,220 on the upside and the rising lower end of this triangle near $1,190 on the downside.

            Triangle patterns are continuation patterns and the dominant trend does remain pointed down so chances are best that we see the next large move to the downside.

            The opposite is true of the S&P 500 who is breaking out of a triangle to the upside.

            Silver fell 2.40% this past week and also saw a failed breakout.

            Silver has a small bear flag now but overall is back in the range between $17.25 and $16.50.

            The trend remains lower so chances are best that the next major move will be lower even though the usual crowd continues to tell you the opposite.

            Theyíve been wrong and will remain wrong until the action changes, which it hasnít.

            Platinum lost 1.77% and is also now pointing to a move lower.

             A break under the 50 day moving average at $1,146 should see a break to the $1,090 area relatively quickly.

            Palladium lost 1.47% this past week and almost broke the lower end of the range at $770.

            This triangle pattern does point to a move lower as well and the $740 level should be where we find resistance next.

            I hope youíre enjoying your long weekend and this short letter since there isnít much to say other than the metals tried to breakout, failed, and are now back in their ranges looking for a break lower.

            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


| Digg This Article
 -- Published: Monday, 25 May 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 - 2017 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, its affiliates or advertisers. 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, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.