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 consolidating
By: Ira Epstein

Gold & Jackson Hole: No Cause For Concern
By: Stewart Thomson, Graceland Updates

GDP Ain’t What it Used to Be!
By: David Haggith

The Case for Gold Keeps Getting Stronger As Negative Interest Rates Spread
By: Clint Siegner, Money Metals

Precious Metals Update Video: Gold consolidating
By: Ira Epstein

GoldSeek Radio: Gerald Celente and Bill Murphy
By: Chris Waltzek, GoldSeek Radio

SWOT Analysis: Gold Equities Have Room to Run…
By: Frank Holmes, US Funds

Technical Scoop: 200 Years - Gold/Gold Ratio, Precious Metals, equity, bond market updates and more
By: David Chapman

Gold Set to Correct but Internals Remain Bullish
By: Jordan Roy-Byrne CMT, MFTA

The Market Has Gone Nowhere In The Last Twelve Months
By: Avi Gilburt


GoldSeek Web

Bouncy Metals, Weak Markets About To Reverse

 -- Published: Sunday, 23 August 2015 | Print  | Disqus 

By Warren Bevan

I was away last weekend so there was no weekend letter but the setup for lower moves in metals failed and we are now moving up to resistance levels I outlined a few weeks ago.

          Markets were hit extremely hard Thursday and Friday saw the largest down-day we’ve seen in 4 years.

          My subscribers and I are in cash and have been mostly for all summer as we wait for setups while taking advantage of a few trades that pop up here and there so we are in good spirits.

          Half the battle is waiting for the right setups and not forcing trades.

          Keeping your trading stake whole rather than getting chopped up is key to survival and essential to growth in the game of trading.

          We should be seeing some strong bounces in the week ahead and I plan to make some quick, good money so it’s a great time to try out my nightly letter.


          Gold smoked to the upside by 4.20% this past week as markets were hit hard.

          We are now at resistance levels at $1,160, $1,170 and $1,180 so locking in gains from the $1,100 buy area is now prudent.

          We should now see some consolidation and see what forms on the charts but I do not think the major low is yet in place which means the dominant trend remains lower.

          We are still on track to hit a major low around $1,000 by years end.


          Silver gained 0.69% this past week and acted much weaker than gold.

          Tuesday saw gold hold well while silver fell and was signalling a drop for the metals, or so I thought, but gold ripped higher and silver is trying to follow but not doing a good job.

          Silver and gold are not confirming the strength and that is to be expected with gold at resistance now.

          Silver doesn't want to move above $15.50 so look for chop between $15 and $15.50 while gold build out its chart.


          Platinum gained 2.79% this past week and is also now look to form some consolidation.

          $1,040 is resistance and support sits at $1,020 as well as $1,000 so I’d look for a chop between the two extremes with $1,020 a pivot area.


          Palladium lost 2.41% this past week as it remains in the range between $590 and $630.

          So, in the week ahead I’m looking for metals to end the run and begin to consolidate while we should see a large bounce in markets and I’m going to look to take advantage of that in a big way, if it comes.

          If we continue to fall, I’ll continue to sit on the sidelines.

          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, 23 August 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.