LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek Radio: Professor Laurence Kotlikoff, Professor Alexander Kosovichev & Robert Ian
By: Chris Waltzek Ph.D., GoldSeek Radio

You Know Things are Falling When…
By: David Haggith

Gold & Silver Prove Once Again, They Go Up When Most Everything Goes Down
By: SRSrocco

Why Debt Won't Spark Inflation
By: John Mauldin, Thoughts from the Frontline

COT Gold, Silver and US Dollar Index Report - May, 24, 2019
By: GoldSeek.com

BIS reduces its gold swaps by two-thirds over last two months
By: Robert Lambourne

Gold Mid-Tiers’ Q1’19 Fundamentals
By: Adam Hamilton, Zeal Research

China Threatens to Stop Exports of Vital “Rare Earth” Metals to U.S
By: Mike Gleason

Every Bounce In Tesla Stock Can Be Shorted
By: Dave Kranzler

Another Gold Buyout Takes Center Stage
By: Marin Katusa

 
Search

GoldSeek Web

 
Good, But Not Great


 -- Published: Sunday, 12 February 2017 | Print  | Disqus 

By Warren Bevan

Another great week for stocks.

          Just superb action as the bull market continues.

          The metals have been acting pretty strong as well but did show weakness into the end of the week which suggests to me more time and basing action is needed, regardless, there are easier ways to make money, and more of it, than trading metals equities right now.

 http://goldseek.com/news/2017/2-11wb/image002.gif

          Gold did close the week out with a 1.24% gain.

          I’m not sure if we’re moving lower near $1,200 to put in a lower high, which would be another notch in the trend is up bedpost, or of we will see a longer basing period.

          Miners are acting weaker for the most part so it’s really quite a mixed message in the metals for now.

          There are many place to find easy money right now and I don’t see the precious metals as that place, for now at least.

 http://goldseek.com/news/2017/2-11wb/image004.gif

          Silver gained 2.60% this past week and is now wrestling with the 200 day average.

          Let’s see if we can best the $18 area and hold it a few days.

          While this isn’t a super bullish breakout type of chart, it is coming off lows quite well.

 http://goldseek.com/news/2017/2-11wb/image006.gif

          Platinum rose 0.50% but was rejected hard on its attempt to move above the 200 day moving average.

          Is this a prelude to the action coming in silver?

          Only time will tell.

          For now, under the 21 day moving average is bad while above the 200 day is good.

 http://goldseek.com/news/2017/2-11wb/image008.gif

          Palladium rose 4.55% and won the week in the metals arena.

          Not bad action at all with the next resistance level coming in at $800 and support at $770.

          So, staying with the trend in leading sectors and stocks is my mojo now, as always, and metals are not that sector right now.

          Have a great weekend!

          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, 12 February 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 - 2019



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


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC 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, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.