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

Hyperinflation in Zimbabwe – It’s back, but maybe not for long
By: JP Koning

Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape
By: John Rubino

Gold's Interesting Day
By: Rick Ackerman

Asian Metals Market Update: November-20-2017
By: Chintan Karnani, Insignia Consultants

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

Gold Market Update
By: Clive Maund

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

 
Search

GoldSeek Web

 
Wait


 -- Published: Monday, 3 July 2017 | Print  | Disqus 

By Warren Bevan

          Some more of the same choppy, confusing action from many stocks with the S&P and Russell 2k holding up well, but the Nasdaq is struggling on the backs of the leading large stocks/FAANG, since they are so heavily weighted within the Nasdaq index.

          The metals still can’t get anything going at all so remain an avoid.

          Keep it simple, and be patient waiting for easy setups who look to be  a week or two away now.

 http://goldseek.com/news/2017/7-2wb/image002.gif

          Gold lost 1.12% and has a head and shoulders pattern which points lower right away.

          The target area of this head and shoulders is the major pivot level back at $1,180.

          Nothing hot at all on this chart so patience while a low develops.

 http://goldseek.com/news/2017/7-2wb/image004.gif

          Silver tried to turn the metals higher but failed and closed the week about even, down just 0.12%.

          Silver looks to be trying to break this ascending channel which would point to a move back to test support at $15.60.

          The attempt to move and hold above the 21 day average didn’t last long which says the bears are in charge for the moment.

 http://goldseek.com/news/2017/7-2wb/image006.gif

          Platinum slid 0.32% and isn’t doing anything for the moment.

          A move under $920 says weakness while a move above $930 says strength.

          Weakness is my guess.

 http://goldseek.com/news/2017/7-2wb/image008.gif

          Palladium fell 2.33% and weakness has finally overtaken its recent strength in the face of faltering gold and silver.

          $820 looks to be next, then $800 is likely to at least be tested.

          So, to sum up, nothing special at all in terms of stocks, market, or metals so take a break!

          Have a lovely Canada Day and superb July 4th next week.

          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, 3 July 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.