-- Published: Sunday, 31 July 2016 | Print | Disqus
By Warren Bevan
Stocks and metals continue to shine.
I can’t stress enough how great it is to finally have stocks acting strongly and predictably which is the mark of a strong bull market.
There really isn’t much else to say.
Buy the dips and build strong positions in the best stocks and then sit and let it happen.
Half the battle is waiting for a market such as this and then pouncing hard when it comes.
You don’t have to make money every day, every week or even every month, rather, wait for this type of market and make your year, or years, in a relatively short amount of time.
Gold gained a nice 2.61% this past week as we move away from the low where subscribers were told it was a fine place to buy in.
Using dips is a great strategy in a bull market such as we have.
Looks like we may see a cup and handle pattern finish in the week ahead and that would suggest a strong move higher.
Good times indeed where I don’t suggest just watching.
It seems to be the right market to be into things hand over fist.
We’ve got to see, if we do complete a cup and handle, where the exact breakout buy level is but $1,380 will be the second buy level if we do see a handle form.
Silver gained 3.34% as it continues to lead gold higher.
This is a very small cup and handle pattern now with $20.60 the buy area.
All in all great action from silver.
Awesome action from platinum as well as it gained 5.71% and is breaking out solidly on high volume.
$1,170 remains a key resistance area on the monthly chart and above that $1,370 is the next resistance level.
Palladium had a solid week gaining 3.35%.
This uptrend channel has just been a beast but we are near the $700 resistance area on the longer-term charts, that said, if we do continue higher, as it looks like we should, $750 is the next level to watch for resistance.
All in all, palladium really hasn’t given us much chance to get in since its taken off.
The ride has been straight up with no dips to be bought.
All in all there just isn’t a lot to say.
Buy the dips and get taken on the ride higher
I hope you’re enjoying summer and sitting in great stocks while letting them ride as much as I am.
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
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-- Published: Sunday, 31 July 2016 | E-Mail | Print | Source: GoldSeek.com