Gunsafes.com



Separate Ways

A Look into the Separate Ways of
Gold and Silver's Short-term trade

Gold, Silver and U.S. Dollar Review & Outlook
04/17/2017 thru 04/28/2017





Originally Posted on 04/23/2017 @3:04pm


Subscribe to this Weekly Blog post

 Subscribe by RSS Feed



Hello,


Thank you for visiting the Free-Bullion-Investment-Guide's latest blog post, I hope that you and your family have had a good week.

Before we get to this week's post; here are a few of Last Week's Best News Articles that were taken from this guide's homepage.

Note: Last week, I missed a few days of posting the news on the homepage because I have the 'flu.'


best news
GOLDSEITEN.de - The Euro - an Uncertain Currency - google translation link


Econimica - Federal Reserve Is Communicating A Recession is Imminent


Value Walk - Gold And Lumber Surge


TECHNICAL ANALYSIS : MINING - Gold price on verge of breaking 6-year downtrend


Financial Sense - Rising Rates and Shrinking Balance Sheets Pose Risks Ahead


Best of the Week for Gold NanoParticle Cancer Research



GOLD NANOTECHNOLOGY : CANCER RESEARCH : AZO NANO - The Biological Mechanisms of Gold Nanoparticle Radiosensitization


GOLD NANOTECHNOLOGY : CANCER RESEARCH : Vox - Science is why my cancer diagnosis isn't a death sentence. It's why I'm marching tomorrow.




Update Will be Posted Soon

'Missing' 13,531,000 - 2014 American Silver Eagles

In a day or two, I intend to write an update to the 2014: Missing American Silver Eagle post.  The update will include Coin World's response to my email.  In addition, I am working with an individual who is a annual collaborator with the World Coin books, he is helping me find the answers to the questions in the post.





'Separate Ways'


separate ways

In the middle of last week, as I was watching gold and silver trade the phrase ‘Separate Ways’ entered into my mind, the second thing that popped into my head was the song by Journey of the same name.

'Separate Ways' is a great song, but the video to it is probably one of the cheesiest and worst music videos ever made. 

I couldn’t bring myself to post the video because it’s that bad, but if you wanna see it you can click here, and decide for yourself. 

However, the phrase 'Separate Ways' entered my mind by looking at the ways silver and gold were trading.

Silver's support levels broke and the price fell, while gold's support held and the price stayed up and traded sideways.


The question that some may ask is; Why has silver and gold traded this way?

Silver and gold are both safe haven assets, meaning that when times get uncertain investors look to these assets as a way to protect their wealth.

Silver is an industrial metal as well as a safe haven, so even though tensions are still high between North Korea and the United States, and the Syrian conflict is still in the news, these current events didn’t get worse, so they weren’t enough to keep the support under silver’s price.

Gold, on the other hand, has some industrial purposes, but it much more of a safe haven asset than silver, therefore gold’s price was able to stay above its support level of $1270; plus the anticipation of the French Presidential Elections has also helped support the price of gold.

In reference to the French Elections, the financial media and many traders believe that if Marine LePen wins or has a good showing by the electorate in this 1st round of voting, it will cause the markets to freak out and the price of gold to move higher.

The best source that I've found to get an honest view without media hype has been from Wikipedia. 

The polling chart below is from this Wikipedia link.

2017 - french presidential election poll

If you click the wiki link and scroll down the wiki page, you will see the one variable that you rarely hear about in the news, which is the amount of ‘abstention’ in the polls. 

The Abstentions or Undecideds have been running consistently at 20% to 30% in the polls, which could tip the election in any direction. 

Therefore, the fact is that nobody really knows what is going to happen in the French Election, but if LePen receives a strong showing from the French electorate, then we may see a strong move up for gold and silver.






SILVER

In last weekend’s chart (below), I showed you the multiple negative patterns in silver’s charts and stated the following about the Rising Expanding Wedge and Rising Wedge.

“Both patterns are negative (bear) indicators that will continue to loom over the price of silver until either the fundamentals push the price higher, destroying the negative technical patterns or the price pulls back confirming them.”

(continued....)

2017 - April 15th - Silver Price Chart

charts provided courtesy of TradingView.com


Last week, as the Fundamentals that helped push silver up in price eased, we can see, in the chart below, that both 'Rising Wedge patterns' in silver’s chart were confirmed when silver broke below the bottoms of each wedge.

bear wedge confirmed

In the coming week for silver, a new 'Falling Wedge' bull pattern has formed on silver’s chart (below), but silver’s MACD & RSI (lower Indicators) are both showing the price of silver may still have a little more room to fall before it finds support.

silver price chart




Silver's Price Resistance &
Support Levels

Silver's Resistance Levels

$18.75

$18.30

$18.00


Silver's Support Levels

$17.90

$17.70

$17.50





GOLD

Last week I posted the chart below, that indicated the multiple negative (bear) patterns that had formed in gold’s chart.

2017 - April 15th - Gold Price Chart

Charts provided courtesy of TradingView.com


The price of gold over the last week has traded sideways.

One reason it did not fall in price like silver is because the price has found support as the outcome of the French election has continued to be on the back of trader’s minds. 

In the chart below, we can see that gold is trading inside both of the rising wedges indicated in this guide’s chart analysis.

The ultimate direction for gold this week will be a good example of when 'Fundamentals trump Technical Analysis' because once the outcome of the election is known and we see how traders judge it, gold will either rise or fall in price. 

Time will tell.

gold price chart

Gold's Price Resistance and
Support Levels

Gold's Resistance Levels

$1305.00

$1300.00

$1290.00


Gold's Support Levels

$1270.00

$1250.00

$1225.00






US DOLLAR

In last week’s blog, I didn’t say much about the U.S. dollar chart because there wasn’t much happening in it.

However, this week, a 'Falling (bull) Wedge' has formed inside the dollar’s descending channel.

So, although a reversal in the dollar’s price is expected sometime in the near future, the price is also expected to continue to trade inside the negative patterns of the Rising  Expanding Wedge' and the 'Descending Channel.'

2017 - April 9th - US Dollar Price Chart



U.S. Dollar's Price Resistance and Support Levels

U.S. Dollar's Resistance Levels

$101.00

$100.50

$100.10


U.S. Dollar's Support Levels

$99.75

$99.50

$99.20





Have a Great Week.

Thank you for your time & God Bless,

Steve






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



Thank You for Your Time!







Please Donate to
Support this Guide

& Paypal

Thank You for
Your Support







Free Bullion Investment Guide







Free-Bullion-Investment-Guide "Search"
search engine by freefind advanced


Search - Magnify Glass







Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.

Affiliate Links - Disclosure


Walmart





Donate to
Keep this Guide Online

& Paypal

Thank You for
Your Support




Free Bullion Investment Guide

follow us in feedly
with Feedly



search

   Search the Guide

search engine by freefind advanced




recent guide updates

Daily

Bullion News on the Homepage



June 2025

Newsletter




Mintages
for

2024
Gold & Silver Mexican Libertad

Gold Libertads

2024 - 1oz Mexican Gold Libertad Bullion Coin - Reverse side

Silver Libertads

1oz. Mexican Silver Libertad Bullion Coin - Reverse side



Chinese Gold Coin Group Co.
& Chinese Bullion

Chinese Bullion page



PAMP

Refiner page

PAMP Gold



Heraeus Refiner page

Heraeus



Johnson Matthey Refiner page

Johnson Matthey



Engelhard Refiner page

Silver Engelhard Round



2025
Gold & Silver Chinese Panda

Gold Pandas

2025 30gram Chinese Gold Panda Bullion Coin - Reverse Side

Silver Panda

2025 30gram Chinese Silver Panda Bullion Coin - Reverse Side



Gold Buying Guide

Gold Buying Guide





Archangel Raphael
~
The Angel of Healing

Archangel Raphael ~ The Angel of Healing



Cancer Awareness Information & Resources

Cancer Awareness Month Ribbon with FBIG Gold-Nano Logo



Help Us Expand our Audience by forwarding our link

www.free-bullion-investment-guide.com.

Thank You!



May's

Best News

Graphic: Charted: How Daily Incomes Have Changed in Top Economies (1994-2024) - Visual Capitalist

Why Bond King Jeff Gundlach says record-setting gold is poised for another 20% rally - Market Insider (msn)

Report: Gold Goes Full Reserve Asset as Basel III Elevates It to Tier 1 Status - U.S. Global Investors

(.pdf) Report: In Gold We Trust: The Big Long - incrementum

7 key takeaways of the recent In Gold We Trust Report - The Contrarian Capitalist

Japan economy is facing a breakdown investors didn’t see coming - Invezz

Report: Gold Price & Investment Outlook: 2025 & Beyond - VanEck

Report: You asked, we answered: Gold's optimal portfolio weight in a higher correlated environment? - World Gold Council

The Irony Of Moody’s Downgrade Of U.S. Credit - Quoth the Raven

Graphic: The World's Top 30 Economies Including U.S. States - voronoi

ECB Warns Gold Markets Are Risk To Financial Stability - David Jensen

Global Gold Bar and Coin Demand Rose in Q1 But Not in the U.S. - Money Metals Exchange

(.pdf) Report: Silver Industrial Demand Reached a Record 680.5 Million Ounces in 2024 - The Silver Institute

1 OZ of Gold For 56 Barrels of Oil
- How Paris Hilton’s Purse Could “Carry” 17,360 Barrels of Oil: A Lesson in Value Density - The Silver Academy

The Hidden Revival of Platinum and Palladium - GOEHRING & ROXENCWAJG

Is Bitcoin Ready To Retire Gold? - Quoth the Raven

Report: Precious metals: A place in the portfolio - aberdeen associates

Graphic: Silver: Industrial Demand Fuels Fifth Straight Year of Market Deficit (2016-2025F) - Mining Visuals

US fiscal policy, the bond market, and gold. - Redward Associates

Turning Lead into Gold: Scientists Witness Lead Literally Turn Into Gold in The Large Hadron Collider - Science Alert

(off topic) Graphic: Ranked: The Largest American University Endowments - Visual Capitalist

Gold Nanoparticle Cancer Research

BioVaxys and Sona partner to develop cancer therapeutics - Yahoo Finance

Sona Announces Successful Study Showing Absence of Endotoxins In Its Cancer Therapy Gold Nanorods Prior to First-in-human Clinical Trial - Sona NanoTech (newsfile)


All Articles were Originally Posted on the Homepage