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

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Nearly 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 16 2018
By: Ira Epstein

Silver Slumps, US Military Weak, and PTJ Says We Are headed For Scary Moments
By: David Morgan

Slowly We Turn... Gold vs.
By: Gary Tanashian

COT Gold, Silver and US Dollar Index Report - November 16, 2018
By: GoldSeek.com

GE, Nvidia, Nordstrom, Bitcoin All Tank, And The Fed Notices
By: John Rubino

Years of Recklessly Low Interest Rates Causes Inflation to Soar
By: Nathan McDonald

Gold Miners’ Q3’18 Fundamentals
By: Adam Hamilton, CPA

GoldSeek Radio Nugget: Bill Murphy and Chris Waltzek
By: radio.GoldSeek.com

Is Gold Under or Overpriced?
By: Arkadiusz Sieron

 
Search

GoldSeek Web

 
Metals Have No Power


 -- Published: Sunday, 5 March 2017 | Print  | Disqus 

By Warren Bevan

Another great week for markets as this bull market continues to act great, and we should have another couple years before a major top is in place, but perhaps even longer if infrastructure, regional jobs and made in America really gets rolling.

          As for the metals, they looked great last weekend but I did mention the warning the miners flashed with weakness, but that it didn’t look to be playing out.

          I was wrong and the miners showed weakness again early this past week and the metals followed and are looking for more downside.

          Can’t always be right!

 http://goldseek.com/news/2017/3-5wb/image002.gif

          Gold lost 2.53% and is set to continue lower still.

          The 200 day moving average proved to be strong resistance and gold also broke its uptrend line unfortunately.

          Not looking great at all on this chart.

          We have support at $1,220 but I think the more significant and longstanding pivot level at $1,180 will once again come into play.

          Weakness to come is the message.

 http://goldseek.com/news/2017/3-5wb/image004.gif

          Silver dropped 3.62% and moved back under the 200 day moving average which is never great.

          I’m looking at support levels of $17.25 then $16.75 to be tested on this correction.

 http://goldseek.com/news/2017/3-5wb/image006.gif

          Platinum slid 3.36% after being rejected from the attempted breakout above $1,020.

          Pretty weak action that should take platinum down to test the $940 support level over the next couple of weeks.

 http://goldseek.com/news/2017/3-5wb/image008.gif

          Palladium fell only 0.68% this past week but does look set for a deeper correction right away.

          I’m looking to the $730 area as the most likely support level to be tested.

          All in all, stocks remain great with some rotation being seen back into the explosive biotech sector while metals are floundering.

          Enjoy the week ahead and make the best of this strong market we continue to enjoy.

          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, 5 March 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 - 2018



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.