Secular Bulls In Precious Metals And Stocks

This week was the first week of the rest of your life, as well as the mark of the resumption of the secular bull market in gold.

Things are really shaping up nicely in the precious metals arena. Gold broke a major trend-line and closed the month with a breakout on expanding volume on the all-important monthly chart. Nothing is ever for sure in trading…but this is very solid action.

As for stocks, there is no rest at all and I love it. The strength is real. Let’s see if the strength continue into fall. Often, September isn’t so hot in stocks, however it’s never set in stone.

Gold broke-out and gained 2.50% this past week. Just lovely action from gold, breaking out, coming back to test $1,300, and then holding…before taking off higher again.

We do appear to be in the clear as long as $1,300 holds.

Silver led in terms of gains and notched a sweet 4.5% win last week. It’s nice to see silver close above $17.75 Friday. Things look good so let’s see how it plays out.

Platinum was no slouch as it booked a 3.05% gain for the week. Looking good Billy Ray!

As long as gold and silver remain strong, there is no reason platinum won’t follow.

However, the winner of the chicken dinner was palladium taking home a 5.47% gain. Solid action into new highs on great volume. I’d look for a test near $940 to take a trade if you’re interested.

********

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 www.wizzentrading.com 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”.