Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

SWOT Analysis: Gold Is Now 85 Times More Expensive Than Silver
By: Frank Holmes

Why Are Wages So Low
By: Keith Weiner

GoldSeek Radio: Dr. Raymond Moody and John Williams, and Chris Waltzek

Technical Scoop - Weekend Update September 24 2018
By: David Chapman

What Comes Next
By: Adam Taggart

China for the Trade Win?
By: John Mauldin

US/Global Stocks, Commodities, Precious Metals and the ‘Anti-USD’ Trade
By: Gary Tanashian

Central Bank Gold Purchases Now Control 10% Of The Total Market
By: Steve St. Angelo

Good, Bad and the Not-So-Ugly in Gold
By: Rick Ackerman

Gold Seeker Weekly Wrap-Up: Gold and Silver Find Modest Gains on the Week
By: Chris Mullen, Gold Seeker Report


GoldSeek Web

The Secret To Trading Volatility

 -- Published: Sunday, 13 November 2016 | Print  | Disqus 

By Warren Bevan

What a week!

          Markets were wild, moving huge, beginning Sunday evening in the futures market and not really calming down until Friday.

          I remain in cash waiting for setups, which are starting to form now.

          I knew the election would create massive volatility but I had no idea which way it would go, it turned out to have gone both ways.

          To try to trade it would have been a coin flip and that isn’t my style, so the not so secret, secret to trading certain volatility, is to not trade it and stay in cash.

          As for the metals, they were wild also, seeing gold up $50 the night of the election, only to fall back and end the week on an extremely sour note.

          Gold was hammered and ended the week off by 6.15%.

          Quite the wild week indeed seeing gold so strong, only to fail and break hard, below the 200 day moving average on heavy volume.

          No great at all but things are still settling out from the election results so it’s too early to say the sky is falling.

          The long-term monthly chart still looks fine to continue higher but this volatility needs time to settle down first.

          Let’s see how support at the $1,210 to $1,200 area holds and I do expect it to hold.

          Cash is a position while we wait for easy, more reliable setups.

          Silver fared a bit better losing only 5.38%, but breaking the 200 day moving average.

          Silver is holding the $17.15 support level well so far but time will tell.

          Platinum was hit, losing 6.10% and quickly nearing support at $930.

          Heavy volume on the downside isn’t great but everything is a bit out of whack this week after the elections so let’s just wait and see how things settle out in the week ahead.

          We should see a clearer picture of trends develop in the week to come.

          The outlier this week was palladium who soared 9.59% for some reason.

          Strange to see palladium so strong but not much makes sense these days.

          We stopped dead at the $700 resistance level, for now, above, is resistance at $725.

          Let’s see how the week ahead goes but a little rest at $700 should see a move to $725, then some rest and then another leg higher, if the chart works as it should anyhow.

          I hope you have an excellent weekend and you can find out more about my specific stock pics at


          In my free, nearly weekly newsletter I include many links and charts which cannot always be viewed through sites which publish my work.  If you are having difficulties viewing them please sign up in the right margin for free at or send an email to with “subscribe” as the subject and receive the newsletter directly in your inbox, links and all.  If you would like to subscribe and see what my portfolio consists of please see here.

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, 13 November 2016 | 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 - 2018 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, its affiliates or advertisers. 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, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.