Online:
Visits:
Stories:
Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Time To Bounce

Sunday, March 12, 2017 17:18
% of readers think this story is Fact. Add your two cents.

(Before It's News)

news.goldseek.com / By Warren Bevan / 12 March 2017

B4INREMOTE-aHR0cDovL3d3dy5nb2xkc2Vlay5jb20vaW1hZ2VzL2dzbG9nby5qcGc=Not the best week for stocks but the bull market remains intact and a little refresh is great.

Banks and biotech are acting fine along with many other sectors, with a nod to the miners late in the week.

Metals showed weakness this past week as we expected, but late in the week I noticed some miners showing bounces off support areas.

Mining stocks nearly always lead the metals and they are telling me metals area ready to bounce, at the very least.

Gold lost 2.05% this past week and is now below the 4 moving averages.

That is terrible news, that said, unless we remain under the 100 and 50 day moving averages at $1,212 for a few days, it’s not a big deal.

As I mentioned, miners showed some strength and Friday did print a Doji bar which will be confirmed with a higher close Monday.

READ MORE

The post Time To Bounce appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/03/12/time-to-bounce/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.