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 and Silver Jump 1%
By: Chris Mullen, Gold Seeker Report

The Stock Market Economy
By: Peter Schiff

Ira Epstein's Metals Video 11 14 2018
By: Ira Epstein

Another Gold Spec Short Squeeze Pending
By: Craig Hemke

Golden Arrow Chairman’s Update
By: Golden Arrow Resources Corporation

Merk Research - U.S. Equity Markets
By: Merk Research

As Oil Plunges, Energy Junk Bonds Turn Dangerous — Again
By: John Rubino

$2.06 Crude Target Absurd but Useful
By: Rick Ackerman

Asian Metals Market Update: Nov 14 2018
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Hold Steady While Oil Slumps 7%
By: Chris Mullen, Gold Seeker Report


GoldSeek Web

Metals Massacre

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

By Warren Bevan

The short week was quite volatile as traders sat on the beach and the weakness in metals was the standout in my books.

          Let’s move right into the charts and check into the carnage.

          Gold lost 2.62% and broke a major uptrend line.

          The action was very, very poor and on heavy volume which tells me more downside is in golds near future.

          Looks to me like the major $1,180 pivot area is soon to be back in play and below that, support sits down at $1,130.

          Let’s see how next week plays out but $1,180 should be a good level to at least get a short-term bounce play.

          Time will tell.

          Unlucky silver cratered, losing 7.23%.

          Friday saw a sharp spike that was more of a false print by the looks of it, and I’ve yet to see any explanation for it that makes sense other than a fat finger trade.

          Silver quickly recovered from the spike but had a very weak day regardless.

          As long as silver is below $15.70, the only support we’ve got to look at is down at $13.65.


Platinum fell 2.41% and has to hold here or risk another $100 on the downside.

          $890 is a key support level and below that is $820 so its got to make a stand soon or more strong weakness will set in.

          Palladium won the week only falling 0.65% and keeping its chart looking relatively dignified in comparison.

          We should see the $820 area hold but I’ve been wrong before many times.

          All in all, we may be in for a good week in terms of leading stocks but metals are in the dog house and looking for a bone.

          Hopefully we see some support levels hold mid-week but let’s wait and see.

          Enjoy your weekend.


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 July 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 - 2018 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, its affiliates or advertisers. 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, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.