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

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Is America Headed for a Post-Apocalyptic Currency Collapse?
By: Stefan Gleason, Money Metals Exchange

Why Wall Street's V-Shaped Recovery Cannot End Well
By: Rick Ackerman, Rick's Picks

Currency Update: Dollar Crash Underway
By: Gary Savage

How Quickly Will Bakken Oil Production Decline?? Much Faster than Americans Realize
By: Steve St. Angelo, SRSrocco Report

Precious Metals Update Video: Gold between bollinger bands
By: Ira Epstein

Grinding Higher $ES
By: Ricky Wen

Gold intervention by BIS held steady in March and April as study hints it's done for Fed
By: Robert Lambourne

Covid, Debt and Precious Metals
By: Richard (Rick) Mills, Ahead of the herd

Precious Metals Update Video: Dollar testing supports, supportive for Gold
By: Ira Epstein

Asian Metals Market Update: June-2-2020
By: Chintan Karnani, Insignia Consultants


GoldSeek Web

Decision Time

 -- Published: Sunday, 9 April 2017 | Print  | Disqus 

By Warren Bevan

Stocks just chopped around this week as they remain in their ranges for now.

          Glimpses of weakness were followed by glimpses of strength and then we’d rinse and repeat as the week wore on.

          All good, as rest is fine for the longer-term health of the bull market.

          Metals looked super all week and were ready to break higher and, as we see so often, they did, in overseas action.

          This strength sadly faded as Friday wore on.

          Let’s see what Monday brings but I may be out of my mining positions shortly.

          Gold gained just 0.49% and is showing a big failed breakout.

          The past couple of weeks saw gold setup a beauty little consolidation just under the 200 day moving average which suggested it would soon breakout and run up.

          That began Friday, but failed by days end.

          I am not sure how the week ahead will go but failed breakouts are rarely a great thing.

          Let’s see how Monday goes but a move under $1,240 would suggest more weakness to come.

          Silver actually ended the week down 0.58% after a failed breakout Friday.

          We’re still holding well above the 200 day moving average which is positive for now.

          All we can do is see how Monday goes.

          Monday should tell us whether the metals just need a little more time to breakout, or if weakness is setting in.

          Platinum gained 1.07% but does have a nice little base which should lead us higher if gold and silver move higher.

          Platinum was stopped dead in its tracks at the 50 day moving average twice in recent days and that says it just needs some more rest before possibly pushing higher.

          Palladium rose 0.70% but looks great for a breakout.

          This little bullish U pattern is nice to see setting up above the $800 breakout area.

          As always, this potential strength depends on the ability of gold and silver to at least hold up, and preferably, move higher.

          Enjoy your weekend.


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, 9 April 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.