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

The Good News For Gold
By: Stewart Thomson

We Need a Free Market in Interest Rates
By: Keith Weiner

US and Global Market Internals
By: Gary Tanashian

Will Gold Prices Soar after March 2019?
By: Arkadiusz Sieron

The Post Bubble Contraction Thesis Receives Validation (Part III)
By: Plunger

Whose Trillion is it Anyway?
By: Andy Sutton and Graham Mehl

The Best Time to Prepare Is While the Bull Runs
By: Frank Holmes

Gold Set to Soar Above $1,300 – Goldman and Bank of America
By: GoldCore

Asian Metals Market Update: Sep 25 2018
By: Chintan Karnani, Insignia Consultants

Ira Epstein's Metals Video 9 24 2018
By: Ira Epstein


GoldSeek Web

If Not Now, When?

 -- Published: Sunday, 11 December 2016 | Print  | Disqus 

By Warren Bevan

A strange week for me being down while markets are ripping higher.

          I just didn’t hit the right stocks and that’s all there is too it.

          That will change.

          The metals tried to move up with silver leading but that effort failed quickly so if they can’t get going during this seasonally strong time of year, when can they?

          With an expected interest rate rise coming Wednesday, expect some wild action across the board and doubly so in the metals.

          Gold lost 1.35%

          Just not being able to move past the $1,180 resistance level isn’t great at all and now a break of $1,160 looks to be here.

          Support sits below at $1,140 next.

          Silver tried to rally past $17, then $17.25 but failed and ended the week up just 0.80%.

          Not great action at all on this silver chart and we have to consider a move down to support at $15.30 as a real possibility before the year is out.

          If we can somehow move above $17.25 then we should have a solid low in place but I’m not seeing much chance of that on this chart.

          Platinum dropped 1.90% and looks set to continue lower.

          Looks like some support at the $900 level will be tested over the next day or two.

          Palladium fell 1.40% but may be ready to turn higher again very soon.

          We’re seeing the 21 day moving average hold very nicely here and if we can break above the downtrend channel around $750 then we should be at the start of a move to take us up to $800.

          The big action will come Wednesday as we all but certainly see interest rates increase and then we should see a trend established by Thursday or Friday.

          The charts tell me that trend will be higher but time will tell.

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


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, 11 December 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.