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

Gold Seeker Weekly Wrap-Up: Gold and Silver Close with Modest Losses but Miners Gain on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 24 2017
By: Ira Epstein

Life Under Manipulation
By: Theodore Butler

Legendary investor names his top junior resource stock picks right now
By: Peter Spina, President, CEO of GoldSeek.com & SilverSeek.com

Silver Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Deflation must be embraced
By: Alasdair Macleod

Gold’s 47-Year Bull Market
By: Steven Saville

Taxes, Macro Signals, Seasonality, US Stocks and Gold Miners
By: Gary Tanashian

The Key to Profitably Ending Precious Metals Price Suppression And Other Markets Manipulation!
By: Deepcaster

The Precious Metals Bears' Fear of Fridays
By: Dimitri Speck

 
Search

GoldSeek Web

 
Strong Markets Weak Metals


 -- Published: Monday, 30 November 2015 | Print  | Disqus 

By  Warren Bevan

A great week for markets and leading stocks who are set to breakout higher and finish off 2015 strongly anytime now.

          There is easy money out there, just not in the metals who continue to be battered as we near the major support areas I’ve taken so much flak for talking about, but I’ve been right so the flak has diminished considerably.

          I have no problem admitting when I’m wrong, unlike the trolls who hide on the internet.

          We are still on track to see major support areas tested in 2015 for gold and silver and then we may slowly begin to see the dominant downtrend end.

 

          Gold lost 1.91% and cracked the consolidation channel Friday, although it did so on low volume so the conviction isn’t there, yet.

          We still look set to test the $1,000 level where major support sits that I’ve talked about for years now.

          We’re on track to put in a major low to close out 2015 which I’ve also talked about since at least the early spring.

 

          Silver fell 0.53% but is holding the small consolidation channel, for now.

          Silver will either follow gold lower right away or the gold breakdown will be shown to be false and gold will move back into the consolidation channel, but the dominant trend remains down and in all likelihood will until major lows at the $10 area are hit, and hold.

 

          Platinum is also holding well but did lose 2.40% for the holiday shortened week.

          The trend remains down and that’s that.

          Platinum has formed a down sloping channel which we should see steepen and accelerate the move lower shortly.

 

          Palladium lost 2.38% this past week but is still consolidating before most likely moving lower.

          This channel is holding well, even though palladium tried to break higher Friday.

          False breakouts are signs of weakness in the best of times and doubly so in a well established downtrend.

          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, 30 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.