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

Gold Seeker Closing Report: Gold Gains While Stocks Struggle Higher
By: Chris Mullen, Gold Seeker Report

It’s Lose-Lose For The Fed And For Everyone
By: Dave Kranzler

From China, translated from the Chinese: 'GATA is not wrong'
By: Chris Powell

Michael Pento: Finally, Corporate Stock Buybacks Blow Up
By: John Rubino

The New Safe Haven: Gold Stocks!
By: Stewart Thomson

Stock Market Hangs on Edge of Very Big Cliff
By: David Haggith

Will gold and silver miners join the lawsuits against JPMorganChase?
By: Chris Powell

The Surprising Major Demand Factor That Drives The Gold Price
By: Steve St. Angelo

Why Do Investors Tolerate It
By: Keith Weiner

Watch This Chart to Get the Jump on the Fed’s Big Announcement
By: Rick Ackerman


GoldSeek Web

Time To Bounce

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

By Warren Bevan

Not the best week for stocks but the bull market remains intact and a little refresh is great.

          Banks and biotech are acting fine along with many other sectors, with a nod to the miners late in the week.

          Metals showed weakness this past week as we expected, but late in the week I noticed some miners showing bounces off support areas.

          Mining stocks nearly always lead the metals and they are telling me metals area ready to bounce, at the very least.

          Gold lost 2.05% this past week and is now below the 4 moving averages.

          That is terrible news, that said, unless we remain under the 100 and 50 day moving averages at $1,212 for a few days, it’s not a big deal.

          As I mentioned, miners showed some strength and Friday did print a Doji bar which will be confirmed with a higher close Monday.

          Doji bars often signify a change in direction.

          Seems like the $1,212 level will be a good entry for a swing trade.

          Silver slid 4.05% this past week and did not show a Doji bar on Friday.

          Still, miners are telling of strength to come so let’s see how Monday goes.

          I’d consider $17.25 the buy area in silver with $18 the first support to keep an eye on.

          Platinum fell hard losing 5.62% this past week but will move higher shortly if the miners are correct.

          I’d consider $960 the buy area if we do begin to move higher, or even below if gold and silver show strength.

          Palladium lost 2.94% but has a few things going for it.

          This horizontal channel has $740 as the low end so it looks like a buy zone with the $790 area a profit taking level.

          I don’t have a lot more to say on this very cold day.

          Stocks continue to trend upwards while metals look to be taking the turn up.

          Monday or Tuesday should tell us if the metals are indeed set to bounce.


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 March 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 - 2019 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, Gold Seek LLC, its affiliates or advertisers., 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, Gold Seek LLC, is strictly prohibited. In no event shall, 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.