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

2018 Should Be Bullish For The Precious Metals Sector
By: Dave Kranzler

Recipe Calls for a Broad Commodities Rally in 2018
By: Frank Holmes

Here’s What Historically Happens to Stocks When Bull Markets End
By: Jeff Clark

More U.S. States Are Knocking Down Gold And Silver Barriers
By: Mike Gleason

So That’s What Volatility Looks Like
By: John Rubino

Crypto Gold Will Expose Fraudulent COMEX, LBMA and GLD
By: Rory Hall

Jack Chan's Weekly Precious Metals Update
By: Jack Chan

GDXJ Update…Breaking Out
By: Rambus

The Next Long Term Investment Cycle…How to position oneself
By: Rambus

Will The Coming Big Oil Price Drop Cause The Next Stock Market Crash?
By: Steve St. Angelo


GoldSeek Web

Palladium Pushes Into New Highs

 -- Published: Sunday, 20 August 2017 | Print  | Disqus 

By Warren Bevan

          More volatility is the name of summer trading.

          Large moves are coming out of nowhere as the US government crumbles around us.

          Enjoy the show as much as it’s possible since we will likely never see anything like it again, at least that is my hope.

          Stocks remain choppy and fast moving so I’m very cautious.

          Metals are also wild and trying, but failing, then trying, and failing to move into a bullish posture.

          Except of course Palladium, who’s looking at blue skies.

          Gold lost just 0.19% in the end but did see some wild gyrations.

          Monday saw a clear triple top and I exited my mining positions.

          Then Wednesday saw miners perk up with gold and silver following suit.

          Gold tried to breakout and cancel the triple top pattern but failed.

          So, now it looks like weakness again.

          That may change if we move above $1,300 and the way its been acting it very well may.

          Basically, I have no idea what’s going on with strong moves coming when they shouldn’t and not much seeming to make much sense in the world today.

          Silver fell 0.41% after some volatile moves and a failed breakout above $17.25 Friday.

          It still looks fine with only a minor failed breakout Friday but I really have no idea what to say about the direction of silver.

          The medium-term trend us up and it seems fine but anything can happen, and quickly, this time of year.

          Palladium rocketed into new highs and ended the week up a solid 3.62%

          Superb action from Palladium into new highs so as they say, its got blue skies.

          No resistance anywhere overhead so there is no telling where we go on this move, even in the face of sloppy action from gold and silver.


          Platinum slid just 0.74% and does look set to follow palladium higher.

          Could we be seeing the white metals decouple from gold and silver?

          Only time will tell but palladium has taken the lead so let’s wait and see if the others can play some catchup.

          Enjoy your summer 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, 20 August 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 - 2017 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.