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

SELLING OUT OF PRECIOUS METALS AND BUYING BITCOIN…. Very Bad Idea
By: Steve St. Angelo

The Bitcoin Bubble Explained in 4 Charts
By: Jake Weber

VXX Sends an Awesome Message from Another Galaxy
By: Rick Ackerman

Asian Metals Market Update: November-22-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Gain With Stocks
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 21 2017
By: Ira Epstein

Bitcoin, Bail Ins And Bullion
By: Mike Maloney

Tactics For The Gold Bull Era
By: Stewart Thomson

Dow Peaking? The Quick Guide to Diversifying Your Stock Profits
By: Jeff Clark

What History Says for Gold Stocks in 2018-2019
By: Jordan Roy-Byrne CMT, MFTA

 
Search

GoldSeek Web

 
The End Is Near


 -- Published: Monday, 16 January 2017 | Print  | Disqus 

By Warren Bevan

Stocks continue to build bases as we progress into earnings season.

          I see no reason in the charts to expect any meaningful downside yet.

          Metals continued to show strength off lows but I am still weary that this strength is only fleeting with Chinese New Year right around the corner.

 http://goldseek.com/news/2017/1-15wb/image002.gif

          Gold gained 1.94% this past week and has been acting fine.

          That said, I don’t see it really moving anywhere fast with only a couple weeks left of this current influx of Chinese buying.

          We may see this move extend to the $1,240 resistance level but likely not above.

 http://goldseek.com/news/2017/1-15wb/image004.gif

          Silver rose 1.49% and is finding resistance at $17 now.

          We may see silver breach $17 and move to $17.50 over the next couple of weeks but I’m not looking for real strength to take hold until the early spring.

 http://goldseek.com/news/2017/1-15wb/image006.gif

          Platinum only notched a 1.63% gain this past week but does look set for a bit more upside on this move.

          This short-term uptrend should continue to the $1,025 level where the 200 day moving average sits, and will act as resistance.

          Once the selling in gold subsides, it will in platinum as well.

          As unrelated as they should be, platinum and gold are very correlated.

 http://goldseek.com/news/2017/1-15wb/image008.gif

          Palladium was the sole loser falling 1.21% for the week.

          The $775 area is resistance and we are seeing that force exerted on palladium now as it looks to be setting up a bull flag for a potential breakout.

          That said, it will be a hard move to sustain if gold and silver do indeed begin to slow.

          Have a wonderful weekend and week ahead as our current market is a go!

          Warren

          www.wizzentrading.com

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, 16 January 2017 | 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.