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Secular Bulls


 -- Published: Monday, 4 September 2017 | Print  | Disqus 

By Warren Bevan

This week was the first week of the rest of you life, as well as the mark of the resumption of the secular bull market in gold.

          Things are really shaping up nicely in the precious metals arena.

          Gold broke a major trend-line and closed the month with a breakout on expanding volume on the all important monthly chart.

          Nothing is ever for sure in trading but this is very solid action.

          As for stocks, there is no rest at all and I love it.

          The strength is real.

          Let’s see if we can see the strength continue into fall.

          Often, September isn’t so hot in stocks but it’s never set in stone.

 http://www.goldseek.com/news/2017/9-3wb/image002.gif

          Gold broke-out and gained 2.50% this past week.

          Just lovely action from gold, breaking out, coming back to test $1,300, and holding, before taking off higher again.

          We do appear to be in the clear as long as $1,300 holds.

 http://www.goldseek.com/news/2017/9-3wb/image004.gif

          Silver led in terms of gains and notched a sweet 4.5% win last week.

          It’s nice to see silver close above $17.75 Friday to close the week out.

          Things look good so let’s see how it plays out.

 http://www.goldseek.com/news/2017/9-3wb/image006.gif

          Platinum was no slouch and booked a 3.05% gain for the week.

          Looking good Billy Ray!

          As long as gold and silver remain strong there is no reason platinum won’t.

 http://www.goldseek.com/news/2017/9-3wb/image008.gif

          The winner winner, chicken dinner was palladium taking home a 5.47% win.

          Solid action into new highs on great volume.

          I’d look for a test near $940 to take a trade if you’re interested.

          Enjoy your long deserved long weekend.

          Warren

          www.wizzentrading.com

If you found this information useful, or informative please pass it on to your friends or family. 

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          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”.

 


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 -- Published: Monday, 4 September 2017 | E-Mail  | Print  | Source: GoldSeek.com

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