The Metals Mixed Messages

IMG Auteur
Published : February 05th, 2017
269 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
Our Newsletter...
Category : Gold and Silver

By Warren Bevan

A great week for stocks and you can find out a bit more on my thoughts about that at my free blog and I'm sure you'll enjoy my short thoughts.

The metals continue to show some mixed strength, and weakness, but the week ahead should tell us if a low is in fact in, or if more basing is needed.

 24hGold - The Metals Mixed Mes...

Gold gained 2.73% as we moved through the first week of Chinese New Year.

Not bad action at all but gold still can't get, and stay, above $1,220.

A move above said level would be positive but I see the more likely scenario to play out being a chop between $1,160 and $1,220 until May or so.

Time will tell.

 24hGold - The Metals Mixed Mes...

Silver continues to try to lead gold higher and gained 2% this past week.

Seeing silver hold above $17.25 is positive but I need to see gold above it's $17.25 level of $1,220 for me to vocalize the start of a new up-trending metals market.

Let's see if gold can get in gear in the week to come or if silver fails this attempt to trend.

 24hGold - The Metals Mixed Mes...

Platinum rose 2.38% last week but still cannot move above the resistance of $1,015 where the 200 day moving average coincidentally sits.

Funny how select moving averages are such magnets, or is it!

 24hGold - The Metals Mixed Mes...

Palladium gained 1.41% this past week but is struggling to move above its personal level of defiance, $770.

Palladium isn't anything special here and will follow the pace set by gold and silver if they can ever decide which way they will travel.

Have a spectacular weekend.

Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Russia Did It!
23 Marprljr2
I have not trusted whatever the US government has reported,said,demanded since 911. The government ignored the laws of physics in explaining pretty...
Russia Did It!
23 Markevthorne3
One of the most sensible, level-headed articles I've read on this subject for a long time.
Drums Along the Potomac
23 MarGypsy
I see there's a HUGE market for Conspiracy Theories and FAKE NEWS in the U.K. ~ from the Top down. Theresa May runs her Conspiracy Theory up her f...
Stephen Hawking – Doomsday Prophet’s Top Five Predictions
19 MarThemis1
Stephen Hawking may have been brilliant in his own sphere of science. This does not necessarily equip him to make accurate pronouncements about ot...
Stephen Hawking – Doomsday Prophet’s Top Five Predictions
17 MarWatchdoctor3
In my opinion, yet another NASA actor promoting ''leaving the earth'' as a viable alternative to living in peace with our neighbours. Not even sure...
Drums Along the Potomac
18 MarThemis1
While I, too, don't give a hoot about the Skripals, the UK cannot tolerate foreign agents running amok and potentially endangering innocent British...
School Daze
15 MarJ.
@bfsiedel, While I agree with much of what you posted, regarding whether or not school is broken depends upon one's expectations of public school....
School Daze
12 Marbfsiegel1
The part that I find troubling in these conversations, regardless of perspective, is how much they revolve around the extremes. i.e. situations and...
Most commented articlesFavoritesMore...
World PM Newsflow