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

GoldSeek Radio: Peter Hug and John Williams, and Chris Waltzek

$TNX: Curveball Update
By: Rambus

Just Take The Metals Out Back And Shoot Them!
By: Avi Gilburt

Investing for the Long Term: A Conversation with Marc Lichtenfeld
By: Frank Holmes

Asian Metals Market Update: Aug 21 2018
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold Gains While Silver Dips
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 8 20 2018
By: Ira Epstein

Why I Donít Want to Own Mining Companies
By: Mickey Fulp

SWOT Analysis: Rising Inflation Could Lift Gold Prices
By: Frank Holmes

Historical Repetition in the Precious Metals Arena
By: Michael Ballanger


GoldSeek Web

Chinese Puzzle

 -- Published: Sunday, 8 January 2017 | Print  | Disqus 

By Warren Bevan

After my whirlwind tour, Iím back and markets are acting strong.

          The trend remains up so thatís really all we need to know.

          Metals are as well, for now.

          With Chinese New Year starting in a few week this strength is not likely to last from my view.

          The Chinese buy a lot of gold running into Chinese New Year, then, they stop everything.

          I am not yet convinced this is a major turning point for the metals and it would take continued strength into February to convince me.

          Gold gained a respectable 1.88% this past week and is coming off lows, but as I mentioned, I remain sceptical.

          Solid action though since moving past $1,160 but gold is backing off the major $1,180 pivot area for now.

          Iíd really need to see a nice move past $1,180 then acceleration and strong volume on a move past $1,200 to get me excited, and this would have to continue into the Chinese New Year which begins on January 27th.

          The more realistic scenario is we run up a bit for a couple weeks and then see a hard fall as buying vanishes.

          Silver led gold higher gaining 3.31% but this chart isnít anything special to me.

          Weíve got $17 and $17.40 as resistance but the real test comes at $18.

          I just am not really interested in the metals at the moment with plenty of other stocks acting great.

          Platinum flew 7.17% higher this past week and looks fine for continued upside action to the $1,025 area over the next couple weeks.

          This chart is showing much more bottoming action than gold or silver but I donít expect platinum to lose its correlation with gold and silver, so if buying soon dries up in those, it should in platinum as well.

          Palladium was once again the standout rising 10.99% this first trading week of the year.

          What a massive and swift move off lows near $650 but itís needing a rest now as the $770 resistance area fast approaches.

          What a busy last couple of weeks on the road Iíve had but stocks held up great and thankfully Iíve not been shaken out of any positions, as I may well have been had I been in the office that whole time.

          Itís much easier on the mind and trading account if you follow the trend and pay less attention to stocks.

          As long as the trend is up, I remain long but may switch up stocks from time to time.

          Trend-following works!


If you found this information useful, or informative please pass it on to your friends or family. 

Free Service

          The free weekly newsletter ďWizzen TradingĒ 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 ďWizzen TradingĒ 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 ďWizzen TradingĒ.


| Digg This Article
 -- Published: Sunday, 8 January 2017 | 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.