Gold and Silver Weekly Futures Swing Trading Instructions – December 19, 2014

                                   The VC Price Momentum Indicator

                  

Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.

 

GOLD

WEEKLY MOVING AVERAGES

The February gold futures contract closed at 1195. The market closing above the 9 day MA (1194.5) is confirmation that the weekly trend momentum is bullish. A close below the 9 day MA would negate the weekly bullish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing below the VC Weekly Price Momentum Indicator of 1201, it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 1176 – 1158 levels and go long on a weekly reversal stop. If long, use the 1158 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1219 – 1244 levels during the week.

 

SILVER

WEEKLY MOVING AVERAGES

The March silver futures contract closed at 16.07. The market closing below the 9 day MA (16.33) is confirmation that the weekly trend momentum is bearish. A close above the 9 day MA would negate the weekly bearish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing below the VC Weekly Price Momentum Indicator of 16.23, it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 15.38 – 14.69  levels and go long on a weekly reversal stop. If long, use the 14.69 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 16.92 – 17.77 levels during the week.

The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed herein constitutes a solicitation of the purchase or sale of any futures or options contracts.

 

TRADING DERIVATIVES, FINANCIAL INSTRUMENTS AND PRECIOUS METALS INVOLVES SIGNIFICANT RISK OF LOSS AND IS NOT SUITABLE FOR EVERYONE. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

 

Has Russia Just Set Off A Full Blown Economic Crisis?

The 8th largest economy on the entire planet is in a state of turmoil right now.  The shocking collapse of the price of oil has hit a lot of countries really hard, but very few nations are as dependent on energy production as Russia is.  Sales of oil and natural gas account for approximately two-thirds of all Russian exports and approximately 50 percent of all government revenue. So it should be no surprise that the fact that the price of oil has declined by almost 50 percent since June is absolutely catastrophic for the Russian economy.  And when you throw in international sanctions, wild money printing by the Central Bank of Russia and unprecedented capital flight, you get the ingredients for an almost perfect storm.  But those of us living in the western world should not be too smug about what is happening in Russia, because the nightmare that is unfolding over there is just a preview of the economic chaos that will soon envelop the whole world.

Read more HERE.

Gold Imports ‘Phenomenal’ In India – 571 Percent Surge To 150 Tonnes in November

India’s gold imports were over a staggering 150 tonnes in November and have seen a “phenomenal” rise in India according to India’s Trade Secretary, Rajeev Kher.

A few weeks ago we said that the death of the Indian gold market was greatly exaggerated. The latest gold import data out of India confirms this.

 

Read more of this post HERE.

Is this the start of the next major financial crisis?

Is this the start of the next major financial crisis?  The nightmarish collapse of the price of oil is creating panic in financial markets all over the planet.  On June 16th, U.S. oil was trading at a price of $107.52.  Since then, it has fallen by almost 50 dollars in less than 6 months.  This has only happened one other time in our history.

Read more of this post here.

ETF’s, Futures Swing Trading Instructions weekly 12/12//2014

The Weekly VC Price Momentum Indicator

Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.

Direxion Daily Jr Gld Mnrs Bull 3X (NYSE:JNUG)

WEEKLY MOVING AVERAGES

The contract closed at 2.66. The market closing below the 9 day MA (4.89) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing below The VC Weekly Price Momentum Indicator of 2.99 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 2.32 – 1.99 levels and go long on a weekly reversal stop. If long, use the 1.99 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.02 – 4.99 levels during the week.

SPDR S&P 500 Low Volatility GBP (LONDON:USLV)

WEEKLY MOVING AVERAGES

The contract closed at 24.92. The market closing above the 9 day MA (23.89) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing above The VC Weekly Price Momentum Indicator of 24.11 it confirms that the price momentum is bullish. A close above the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 22.48 – 20.03 levels and go long on a weekly reversal stop. If long, use the 20.03 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 26.56 – 28.19 levels during the week.

SPDR Gold Trust (ARCA:GLD)

WEEKLY MOVING AVERAGES

The contract closed at 117.41. The market closing above the 9 day MA (115.29) is confirmation that the trend momentum is bullish.

WEEKLY MOMENTUM INDICATOR

With the market closing above The VC Weekly Price Momentum Indicator of 116.95, it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 114.92 – 112.42 levels and go long on a weekly reversal stop. If long, use the 112.42 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 119.45 – 11944 levels during the week.

RUT – RUSSELL 2000

WEEKLY MOVING AVERAGES

The contract closed at 1152.45. The market closing below the 9 day MA (1155.16) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing below The VC Weekly Price Momentum Indicator of 1164.37 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 1140.52 – 1128.58 levels and go long on a weekly reversal stop. If long, use the 1128.58 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1176.30 – 1200.16 levels during the week.

ProShares Ultra DJ-UBS Crude Oil (ARCA:UCO)

WEEKLY MOVING AVERAGES

The contract closed at 12.11. The market closing below the 9 day MA (20.36) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing below The VC Weekly Price Momentum Indicator of 13.05 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 11.01 – 9.91 levels and go long on a weekly reversal stop. If long, use the 9.91 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 14.14 – 16.17 levels during the week.

Trading Derivatives, Financial Instruments And Precious Metals Involves Significant Risk Of Loss And Is Not Suitable For Everyone. Past Performance Is Not Necessarily Indicative Of Future Results.

Gold and Silver Weekly Futures Swing Trading Instructions December 12, 2014

                                    The VC Price Momentum Indicator

Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.

Gold

WEEKLY MOVING AVERAGES

The February gold futures contract closed at 1222. The market closing above the 9 day MA (1199) is confirmation that the weekly trend momentum is bullish. A close below the 9 day MA would negate the weekly bullish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing above the VC Weekly Price Momentum Indicator of 1216, it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 1193 – 1164 levels and go long on a weekly reversal stop. If long, use the 1164 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1245 – 1.268 levels during the week.

Silver

WEEKLY MOVING AVERAGES

The March silver futures contract closed at 17.03. The market closing above the 9 day MA (16.47) is confirmation that the weekly trend momentum is bullish. A close below the 9 day MA would negate the weekly bullish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing above the VC Weekly Price Momentum Indicator of 16.85, it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 16.35 – 15.67 levels and go long on a weekly reversal stop. If long, use the 15.67 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 17.53 – 18.03 levels during the week.

The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed herein constitutes a solicitation of the purchase or sale of any futures or options contracts.

Disclaimer: Trading Derivatives, Financial Instruments And Precious Metals Involves Significant Risk Of Loss And Is Not Suitable For Everyone. Past Performance Is Not Necessarily Indicative Of Future Results.

New York Times on Benefits of Gold in Currency Wars

The New York Times published an important article this week in which the benefits of gold to nation states during a period of currency wars was highlighted. The article was noteworthy as the New York Times has rarely covered gold in a positive manner.

The article, entitled ‘The Golden Age’ is about the growing use of gold in geopolitical affairs. They drew attention to the gold repatriation movements in Europe and to the accumulation of the precious metals in vast quantities by the central banks of the East – particularly Russia and China.

Read more of this post HERE.

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