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

Gold Seeker Closing Report: Gold Ends Lower While Silver Edges Up
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 2 21 2018
By: Ira Epstein

Find The Sentence That Dooms Pension Funds (Don’t Worry, It’s Highlighted)
By: John Rubino

Miners’ Rally? What Rally? Watch Out for More Fake Moves!
By: Przemyslaw Radomski, CFA

But, What About The Housing Market?
By: Dave Kranzler

5 Big Drivers of Higher Inflation Rates Ahead
By: Stefan Gleason

Dollar:Gold
By: Gary Savage

5 Things Investors Should Know About China this New Year
By: Frank Holmes

Zinc One Reports Final High-Grade Zinc Results from Sampling Program at Bongara Zinc Mine Project, Peru; Update on Current Drill Program
By: Zinc One Resources Inc.

Bitcoin or British Pound ‘Pretty Much Failed’ As Currency?
By: GoldCore

 
Search

GoldSeek Web

 
Gold and Silver Report – Several Interesting Charts


 -- Published: Tuesday, 10 October 2017 | Print  | Disqus 

By Peter Degraaf

The Gold Direction Indicator has just turned positive again, at 71%. 

http://www.goldseek.com/news/2017/10-10pd/image001.jpg

Featured is the daily gold chart.  Price found support on Friday and produced an upside reversal.  Then on Monday gold began to break out at the downtrendline.  A close above the blue arrow will confirm the breakout with a target at $1360.  The supporting indicators are positive, as well as the moving averages which are in  positive alignment and rising.  The Gold Direction  Indicator closed at 71%. 

Gold usually rallies after the Chinese ‘Golden Week’ holiday, (see charts courtesy Zerohedge.com).

http://www.goldseek.com/news/2017/10-10pd/image002.jpg

http://www.goldseek.com/news/2017/10-10pd/image003.jpg

http://www.goldseek.com/news/2017/10-10pd/image004.jpg

http://www.goldseek.com/news/2017/10-10pd/image005.jpg

http://www.goldseek.com/news/2017/10-10pd/image006.jpg

These five charts are courtesy Zerohedge.com.  The first four show what happened to gold at the end of the Golden Week holiday in China (usually at the end of September, or beginning of October).  Chart #5 appears ready to follow in the footsteps of the prior 4 charts.

http://www.goldseek.com/news/2017/10-10pd/image007.jpg

This chart courtesy Goldchartsrus.com shows US money supply continues to rise.  This sets the stage for a similar rise in the price of precious metals.

http://www.goldseek.com/news/2017/10-10pd/image008.jpg

Featured is a chart that compares the gold mining index to the gold price.  The trend favors mining stocks, and that is bullish for both stocks and bullion, but most of all for mining stocks.   A new rally  appears to be getting underway, as price is breaking out at the blue arrow.

http://www.goldseek.com/news/2017/10-10pd/image009.jpg

This chart courtesy Goldchartsrus.com shows the amount of silver in ETFs and Trusts is increasing, after 2 months of declines.

http://www.goldseek.com/news/2017/10-10pd/image010.jpg

Featured is the weekly SLV silver ETF chart.  Price is breaking out at the downtrend line and the supporting indicators are positive.  The target is 17.00.  This target lines up with silver bullion at 18.50. 

DISCLAIMER:  Please do your own diligence.  Peter Degraaf is NOT responsible for your trading decisions.

Peter Degraaf is an investor with over 50 years of experience.  He publishes a daily market letter for his subscribers.  For a recent issue please visit www.pdegraaf.com

 


| Digg This Article
 -- Published: Tuesday, 10 October 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.