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

GoldSeek.com Radio: John Williams and Louis Navellier, and your host Chris Waltzek
By: radio.GoldSeek.com

Technical Scoop - Weekend Update Nov 19
By: David Chapman

Zero Hedge invites Financial Times to heed GATA's urging on gold suppression
By: Chris Powell

The Great Retirement Con
By: Adam Taggart

Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom
By: Gary Tanashian

Global Silver Investment Demand Maybe Down, But Still Double Pre-2008 Market Crash Level
By: Steve St. Angelo

Secular Bull Stock Market?
By: Gary Savage

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

Ira Epstein's Metals Video 11 17 2017
By: Ira Epstein

Next-Generation Crazy: The Fed Plans For The Coming Recession
By: John Rubino

 
Search

GoldSeek Web

 
Higher Lows


 -- Published: Monday, 1 May 2017 | Print  | Disqus 

By Warren Bevan

We saw a few leading stocks act pretty solid this past week on earnings while most aren’t acting so good from what I see.

          The Nasdaq has been doing well as a result of just a few stocks, while the S&P and Russel are fading off support and breaking below their breakout areas.

          This has me thinking we need more time for bases to complete before the next leg higher.

          The metals didn’t fare so well but do look to be turning up off a higher low type of pattern but time will tell.

 http://goldseek.com/news/2017/5-1wb/image002.gif

          Gold slid 1.61% this past week but held up relatively well considering the elections in France and a focus on earnings season.

          Let’s see if we can break this small downtrend line and move higher now from the $1,260 support area.

 http://goldseek.com/news/2017/5-1wb/image004.gif

          Silver lost 3.33% and closed below its 100 day moving average which isn’t so hot.

          I’ve got to see silver move back above $17.40 by Tuesday or we will be looking to $16.75 as the next support area, and below that, $16.25.

 http://goldseek.com/news/2017/5-1wb/image006.gif

          Platinum fell 2.96% and is now at support, where it should turn higher.

          $940 is a decent support area and should hold as long as gold holds or moves higher.

 http://goldseek.com/news/2017/5-1wb/image008.gif

          Palladium was the sole and big winner this past week, gaining 4.55%.

          Solid action from palladium for sure, breaking out on increasing volume.

          The odd time, palladium can lead the metals so this may be one of those times.

          I remain on the road, on a bike trip, working some evenings and this weekend from a library in small town Tennessee, on the border with North Carolina.

          Beautiful area with great roads I highly recommend.

          It’s great to get away while the action is suspect.

          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: Monday, 1 May 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.