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 Weekly Wrap-Up: Gold and Silver Fall Over 2% and 3% on the Week
By: Chris Mullen, Gold Seeker Report

COT Gold, Silver and US Dollar Index Report - August 17, 2018

Why the uranium price must go up
By: Richard (Rick) Mills

Gold Miners’ Q2’18 Fundamentals
By: Adam Hamilton, CPA

“Printing Money” and Cocaine
By: Gary Christenson

The next major gold rally
By: Steven Saville

What Gold is Not
By: Gary Tanashian

Here’s How “External Dollar Debt” Produces An “Emerging Market Crisis”
By: John Rubino

Will Erdogan Save Turkey and Help Gold?
By: Arkadiusz Sieron

This Week’s Golden Nuggets
By: GoldCore


GoldSeek Web

How to Tell if Papa Bear Has Arrived

By: Rick Ackerman, Rick's Picks

 -- Published: Wednesday, 14 September 2016 | Print  | Disqus

Today’s price action generated a distinctive pattern on the intraday charts with the potential to tell us whether the powerful selling we’ve see in recent days might be the beginning of a bear market. Notice how this morning’s follow-through to Friday’s steep plunge stopped almost precisely at the red line around mid-session. The line is a key ‘Hidden Pivot’ support at 2114.75, and if it were to be breached decisively — meaning by about six or seven points — that would strongly imply more downside is coming to at least 2073.50, the ‘D’ target of the pattern.

Alternatively, if the futures were to reverse upward now and surpass even minor peaks created by the downtrend, that would imply bulls are regaining their footing. Ironically, it would be bears goaded into short-covering who would be doing the bulls’ heavy lifting. As for their motivation for such urgent buying, it would come from the terrifying sight of a rally shredding even small pockets of supply. We won’t presume to know how things will turn out on Tuesday, but in any event, holding above 2114.75 will be critical. Most bearish of all would be a continuation of the downtrend and an easy penetration of the 2073.50 support.  Visit our 24/7 chat room and share timely ideas and real-time results with great traders from around the world. Click on the link for a free trial subscription


| Digg This Article
 -- Published: Wednesday, 14 September 2016 | 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.