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

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

Jack Chan's Weekly Precious Metals Market Update
By: Jack Chan

Synchronized Global Growth May Have Arrived
By: Frank Holmes

Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape
By: GoldCore

Asian Metals Market Update: November-21-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Give Back Friday’s Gains
By: Chris Mullen, Gold Seeker Report

Operation Twist By Another Name and Method?
By: Gary Tanashian

 
Search

GoldSeek Web

 
Buying Has Dried Up


 -- Published: Sunday, 29 January 2017 | Print  | Disqus 

By Warren Bevan

Stocks continued to show nice strength as we get deeper into earnings season.

          They just look, and act great!

          We have a healthy sized group of top callers everyday which is what we need.

          It’s when everybody says we will go higher that I’ll get worried.

          As for the metals, the pre-Chinese New Year buying has dried up and we are seeing weakness set in now.

          I’m not saying we will crash, but a nice couple month of building a bottom would be fine.

 http://goldseek.com/news/2017/1-29wb/image002.gif

          Gold lost just 1.37% this week but it’s pretty apparent that the pre-Chinese New Year buying is now done.

          Support sits at $1,180, $1,160 and $1,120.

 http://goldseek.com/news/2017/1-29wb/image004.gif

          Silver rose 0.61% on the week thanks to Friday’s impressive and counter-gold movement.

          I don’t think silver will move higher here even with Fridays strength, doubly so if gold continues to act poorly.

 http://goldseek.com/news/2017/1-29wb/image006.gif

          Platinum gained a pathetic 0.75% in the face of weakness this past week.

          Looks to me like platinum is going nowhere fast for the time being.

 http://goldseek.com/news/2017/1-29wb/image008.gif

          Palladium lost a hefty 6.32% this past week, but did have a strong Friday.

          The action is wide, loose and sloppy on this chart and that is not the type of action I like to trade.

          That’s it for this very short letter as my laptop is about to die, I forgot my charger, and the ski slopes are calling!

          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: Sunday, 29 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.