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

What History Says for Gold Stocks in 2018-2019
By: Jordan Roy-Byrne CMT, MFTA

Jack Chan's Weekly Precious Metals Market Update
By: Jack Chan

Synchronized Global Growth May Have Arrived
By: Frank Holmes

Asian Metals Market Update: November-21-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Give Back Friday’s Gains
By: Chris Mullen, Gold Seeker Report

Operation Twist By Another Name and Method?
By: Gary Tanashian

SWOT Analysis: Gold Bounced Back After Attempts to Knock Down Price
By: Frank Holmes

Hyperinflation in Zimbabwe – It’s back, but maybe not for long
By: JP Koning

Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape
By: John Rubino

Inflation and Counterfeit Credit
By: Keith Weiner

 
Search

GoldSeek Web

 
Metals Showing Failed Breakouts


 -- Published: Sunday, 1 November 2015 | Print  | Disqus 

By Warren Bevan

A solid week for stocks as markets resting near high level resistance before a likely breakout higher.

          Make sure to check my website this weekend for a very important chart on the S&P that may well show us that we are on the cusp of another major, major run higher.

          Metals were acting good and strong until the Fed released no news on their announcement and then gold swiftly fell and is now breaking down and the other metals are set to follow gold lower.

          I’ve said it many times and will again.

          There are much easier and safer ways to make money than trading gold and that is what this game is about, making money, and what I focus on so take the easy road, with me.

 

          Gold ended the week off by 1.92% and is failing now and did so very quickly starting mid-afternoon Wednesday as the Fed released no real news.

          Gold was up strongly during the day then in a blink of an eye, it was down a good chunk.

          Support is right here at $1,140 with chart support and the 21 and 50 day moving averages also sitting here.

          It looks like the next leg will be lower so a break of $1,140 is the short level with support next coming in down at $1,100.

 

          Silver lost 1.74% this past week and is breaking below the flat channel now on heavier volume.

          Support sits below at $15.25 now and then $14.50 below that.

 

          Platinum lost 1.58% this past week and is holding up for now, but won’t for long if gold continues lower.

          The $978 level looks like a short level now if you’re into it with support coming in below at $950 and then $900 below that.

 

          Palladium lost 2.56% but is also holding up well, for now.

          Palladium will not hold if gold and silver continue to move lower and I’d look to the $670 area as a short if you’re interested with support coming in at $625 next.

          Have a great, safe Halloween and weekend and get some great stocks before they take off on you!

          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: Sunday, 1 November 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.