first majestic silver

Gold Price And Silver Price Trends

March 19, 2017

A solid week for stocks and stock markets and metals, mainly fuelled by the Fed increasing interest rates by 0.25%

All good and trending higher nearly anywhere you look…so ride the wave until it ends. It doesn’t really matter what someone says, it matters how stocks or commodities in question are acting. Consequently, I don’t bother to give a big spiel when it’s not needed.

The trend is up. Gold gained 2.40% as it made the turn above the moving averages around the $1,220 area.

I tried a leveraged ETF…but was stopped out Tuesday, only to see it take off on the Fed news Wednesday. Can’t win them all…but I should have caught that trade.

Anyhow, we look good for a move up to the 200-day moving average at $1,260 with a little resistance just above $1,240 along the way.

Silver moved up nicely by 2.90% and looks good for more upside. The 200-day moving average is at the $18 area and should pose some resistance before we continue higher to resistance at $18.50.

Silver is a bit stuck here at the $17.50 level for now but should move through it shortly.

Gold seems to be leading silver for the time being, which is a bit rare while miners continue to lead the metals by a few days.

Platinum rose 2.64% and should continue higher in the week ahead. We may take a few more days to get past $970 but not much longer. Resistance above comes in at $990, then $1,020.

Palladium won the week rising 4.11% and moving nicely above the downtrend resistance line. I don’t see any way we won’t soon hit $800 where we will see resistance.

The question is, do we get rejected off $800 and move back down near $740, or do we consolidate for a breakout above $780. Only time will tell.

Enjoy the rest of your weekend.

  1. In my free, nearly weekly newsletter I include many links and charts which cannot always be viewed through sites which publish my work.  If you are having difficulties viewing them please sign up in the right margin for free at or send an email to [email protected] with “subscribe” as the subject and receive the newsletter directly in your inbox, links and all.  If you would like to subscribe and see what my portfolio consists of please see here.

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

Free Service

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”.

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 and his email address is [email protected]

The world’s largest gold nugget is 61 lbs, 11 oz and is on display in Las Vegas.
Top 5 Best Gold IRA Companies

Gold Eagle twitter                Like Gold Eagle on Facebook