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

Technical Scoop - Weekend Update Apr 23
By: David Chapman

Silver Squeeze, Gold Fails, And GDX Breadth
By: Jordan Roy-Byrne CMT, MFTA

China Plays It Cool
By: John Mauldin

Inflation, With a Shelf Life
By: Gary Tanashian

A dramatic upward reversal in US monetary inflation
By: Steven Saville

WAITING FOR THE BUY SIGNAL: What’s Going On With Silver Investment
By: Steve St. Angelo

Gold Seeker Weekly Wrap-Up: Gold Dips on the Week While Silver Rises Almost 3%
By: Chris Mullen, Gold Seeker Report

Taiga Launches Website, Sets Tentative CSE Trading Date
By: Eagle Plains Resources Ltd.

Economics 101: Who Sets Prices?
By: Alasdair Macleod

Silver Breakout Or Fakeout?
By: Mike Maloney and David Morgan

 
Search

GoldSeek Web

 
Good Earnings When We Needed Them


 -- Published: Monday, 26 October 2015 | Print  | Disqus 

By Warren Bevan

Markets were tricky this week until we saw strength emerge Thursday on the back of a few large leading companies reporting good numbers and soaring to new heights.

          We were seeing weaker numbers from many companies and poor action after earnings which kept markets from moving higher and I was worried that we may not see a rally as we usually do this time of year.

          Anyhow, we really needed great numbers from the companies reporting late this past week, and we got them.

          Now we’re off to the races and I’m into stocks in a good sized way now and looking for more setups as we continue higher into the end of the year.

          Metals didn’t do much this past week but are still setup for higher, if they move very soon.

 

          Gold gained 2.09% this past week and continues to build a bull flag which points to a move higher, if it moves soon.

          This flag building just under the resistance level at $1,200 is quite positive and if we do breakout it would target a move to $1,225 where the next resistance level sits.

          I’m still not so sure a major low is in place but the action has been constructive in that direction for gold.

          Major bottoms take time to really form and they usually do at major support areas, which remains $1,000 in the case of gold.

 

          Silver lost 1.37% this past week and is also setting up for a move higher.

          A move above the $16.25 area remains a buy level with a move to the next resistance level at $16.75 where a breakout should take silver.

          Again, I am not so sure a major low is yet in place but this action is constructive.

 

          Platinum lost 1.45% for the week but is also set to move higher.

          This nice bull flag right along the 100 day moving average is great and points to higher with $1,025 the breakout level.

          A breakout in platinum should take it to $1,075 where it should see resistance.

          As always, platinum will not move unless gold and silver are breaking out higher as well.

 

          Palladium slid only 0.28% this past week but is also ready to move higher if led by gold and silver.

          I’d use a move above the 200 day moving average as the buy point at $714.36.

          The next real resistance level is up at $775 so this could be a great trade, but action at $722 and $750 has to be watched closely in case the move fizzles out and of course, gold and silver have to be moving higher or holding well in order for palladium to move higher.

          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, 26 October 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.