Have a Happy & Safe Memorial Day!

Gold Leads Silver

Precious Metals Market Analysis
02/13 thru 02/24/2017




Originally Posted on 02/20/2017 @12:04am


 Subscribe to this Weekly RSS Feed



Hello,

I hope that you and your family had a great week.

Under, "Last Week's Best News" taken from the home page, is this week's post 'Gold Leads Silver.'

best news
Hussman Funds - Time-Stamp of Speculative Euphoria


Casey Research - If This Trend Continues, a Full-Fledged Credit Crisis Is Inevitable


Advancing Time - Revisiting the Derivatives Time Bomb


Coin Update - Milk Spots on Modern Silver Coins: How Big of an Issue?


The Corner - Dodd-Frank deregulation could turn banks into massive sellers of treasuries


Bullion Vault - Gold: The Fear of the Deal


The Best of the Week for Gold NanoParticle Cancer Research

GOLD NANOTECHNOLOGY : CANCER RESEARCH : IFLScience - Copying Rabies Could Provide A New Way To Treat Brain Cancer




Gold Leads Silver

If you’ve followed this blog, you’d know that I often state the following:

"Silver and Gold generally move together in their daily trading, but silver leads gold in its long-term trade."

However, according to my charts, for the last few weeks, this ‘Norm’ has changed.

In last week's blog post, titled ‘Recurring Themes,' I posted the charts below.

precious metals price charts

Charts provided courtesy of TradingView.com

The obvious ‘Recurring Theme’ is the ‘Rising Wedge’ found in each chart.

This week, all the precious metals, except for Gold, are still climbing in price inside their rising wedges.

Note: Last week’s, 'Rising Wedge' - Silver Chart was wrong because it was missing Friday’s (02/11/2017) candlestick, the rising wedge in this week's Silver chart has been corrected. 

As seen in the chart below, gold broke out of its ‘Rising Wedge’ early last week; Gold’s price has since corrected and has since moved sideways with a slight move to the upside.


gold price chart

Gold is leading silver, it is also leading platinum and palladium, but those precious metals often follow their own leader because they are traded and used more for industrial purposes than for investment purposes.

So as we can see in the revised Silver Chart below, silver is about to move slightly above the upper trend-line of the ‘falling expanding wedge,’ but as it follows gold’s tracks, it is expected to consolidate before it continues to follow gold's movement.

silver price chart



The Week Ahead...

As for the week ahead, look for gold to lead silver as to which way we can expect it to move once it breaks its rising wedge.

This week silver will either continue to move up its ‘rising wedge’ or break below it, once it does break it, we can expect it to take a similar path to that of gold.

Platinum looks like it too could break its rising wedge this week or it could continue to trade inside it, time will tell.

Lastly, Palladium has plenty of room to move inside its ‘rising wedge’ so it is expected to continue to test the trend-lines of its ‘rising wedge, ’ but it probably won’t break it this week.

platinum price chart

Charts provided courtesy of TradingView.com




palladium price chart



Have a Great Week.

Thank you for your time & God Bless,

Steve




Thank You for Visiting the Free Bullion Investment Guide

This Guide gives 50% or more of what it earns to those who are Battling Cancer. 

Please Help Us Give by Supporting our Affiliates.

(Every Advertisement on the Guide is from one of our Affiliates)


'Click Here' see all of the prior Blog posts,



www.free-bullion-investment-guide.com



Thank You for Your Time!







Free Bullion Investment Guide




FWT Homepage Translator

NANO Cancer Awareness Ribbon for the Free Bullion Investment Guide

50% or more of this Guide's Earnings
from our Retail Affiliates
goes to

St. Jude Children's Cancer Research Hospital




The History of St. Jude Children's Research Hospital




Who is Saint Jude Thaddaeus




The Guide's Contributions
Made with Your Help,
since March 2012
$4,746.86


Next Ledger Entry 06/11/2017

Last Ledger Entry 5/11/2017


Donation Ledger Spreadsheet




Who this Guide Sponsors & Why









recent guide updates

Homepage Bullion News updated daily - around 8pm

(except Saturdays)





4th Quarter of 2016

Bullion News & Charts  - updated as of 5/26/17



2014 Missing ASE

UPDATE #2

Blog Post

MISSING

2014 American Silver Eagles

5/26/2017






3rd Quarter of 2016 -

Bullion News & Charts  - updated as of 5/24/17





2nd Quarter of 2016 -

Bullion News & Charts  - updated as of 5/22/17




Latest Blog Post

Gold & Silver - Wiping the Slate

Silver & Gold Pop

5/21/2017


Silver, Gold, U.S. Dollar, Platinum & Palladium

Review & Outlook
05/15/2017 thru 05/26/2017






Ledger  - updated as of 5/11/17



us bullion

US Bullion Coin Mintage Figures as of 05/07/2017



Australian bullion

Australian Bullion Coin pages - updated as of 04/19/2017



Carcinoid Cancer Ribbon

Cancer Awareness Information & Resources page

Note: Updates are listed in the Order that the Update was made.



Affiliates

50% or more of this Guide's Earnings from our Retail Affiliates
goes to
help those who are Battling Cancer