first majestic silver

Amazing Action Across The Board

July 9, 2016

A cracker of a week to let our stock positions consolidate -- and now they have resumed their upwards trajectories.

Precious metals are also doing very, very well along with miners.

There really isn’t a lot to say with everything acting very orderly this past week and looking to continue that trend.

Gold gained 1.67% this past week and is setup to continue its move higher anytime now. Gold is setting up a nice bull flag with $1,370 a buy area out of this flag.

Silver continues to lead gold higher and gained 2.49% for the week. The white metal has a great bull flag that points to higher as it moves to its next major resistance area at $28.

Platinum gained 3.60% as it now breaks the $1,100 resistance area. Great action that really needs nothing more said about it. The next resistance level to watch is $1,175.

Palladium gained 2.10% and is also acting great and trying to breakout higher again now. A move above $620 can be bought as we move up to the next resistance level at $691.

In general stocks are acting much better than I’ve seen since late 2014. Moreover, precious metals have really done well after reversing their dominant trends to up.

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Warren Bevan is a renowned trader who’s honed his craft over the years learning the styles and techniques of Jesse Livermore, William O’Neil and Dan Zanger and forming his own unique style. He focuses on making money and going hard when the right markets present themselves and during the rest of the time focuses on capital preservation.  He focuses on the leading fast moving stocks during the good times.  He is a proud Canadian, traveler, explorer, and consummate market geek who tells it as he sees it. Warren’s website is www.wizzentrading.com and his email address is [email protected]


Gold was first discovered in U.S. at the Reed farm in North Carolina in 1799, a 17-pound nugget.
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