The VC Price Momentum Indicator Weekly Futures Swing Trading Instructions September 12, 2014

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

GOLD

WEEKLY MOVING AVERAGES
The December gold futures contract closed at 1232. The market closing below the 50 day MA (1290) is confirmation that the weekly trend momentum is bearish. A close above the 50 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 1244, 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 1215 – 1199 levels and go long on a weekly reversal stop. If long, use the 1199 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1261 – 1289 levels during the week.

SILVER

WEEKLY MOVING AVERAGES
The December silver futures contract closed at 18.62. The market closing below the 9 day MA (19.85) 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 18.80, 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 18.26 – 17.91 levels and go long on a weekly reversal stop. If long, use the 17.91 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 19.16 – 19.69 levels during the week.

JNUG

WEEKLY MOVING AVERAGES
The contract closed at 16.91. The market closing below the 9 day MA (23.99) 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 17.35 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 15.61 – 14.31 levels and go long on a weekly reversal stop. If long, use the 14.31 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 18.65 – 20.40 levels during the week.

USLV

WEEKLY MOVING AVERAGES
The contract closed at 35.60. The market closing below the 9 day MA (43.57) 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 36.42 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 34.13 – 32.65 levels and go long on a weekly reversal stop. If long, use the 32.65 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 37.9 – 40.19 levels during the week.

GLD

WEEKLY MOVING AVERAGES
The contract closed at 118.07. The market closing below the 9 day MA (123.94) 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 119.35 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 117.10 – 115.81 levels and go long on a weekly reversal stop. If long, use the 115.81 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 120.64 – 122.90 levels during the week.

RUSSELL 2000

WEEKLY MOVING AVERAGES
The contract closed at 1.161. The market closing above the 50 day MA (1.144) is confirmation that the trend momentum is bullish. A close below the 50 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 1.163 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 1.153 – 1.144 levels and go long on a weekly reversal stop. If long, use the 1.144 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.172 – 1.182 levels during the week.

UCO

WEEKLY MOVING AVERAGES
The contract closed at 30.29. The market closing below the 50 day MA (33.66) is confirmation that the trend momentum is bearish. A close above the 50 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 30.31 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 29.50 – 28.72 levels and go long on a weekly reversal stop. If long, use the 28.72 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 31.09 – 31.90 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.

$1 Trillion of American wealth just evaporated And that may only be a drop in the bucket

$1 Trillion of American wealth just evaporated
And that may only be a drop in the bucket

Dear Concerned American,

After 9/11 the CIA tasked me with tracking down suspicious trading activity that took place prior to the attacks.

This led to the launch of Project Prophecy.

Through Project Prophecy I developed systems for the CIA that detected imminent threats to our national security.

These may be from terrorist groups, rival nations, or even economic weaknesses that could lead to a collapse.

On August 7, 2006 my system predicted a terrorist attack that was thwarted in London three days later. A group of 24 Pakistani extremists were caught before they could blow up 10 U.S. passenger jets.

The same system led me to warn the Treasury of a coming economic crisis in the months leading up to the recession. This fell on deaf ears. And we all know what happened next.

Unfortunately, today I’ve uncovered alarming signals of a fast-approaching $100 trillion meltdown.

This will be unlike anything we’ve seen in history. And it’s already getting started.

You see, since July, $1 trillion in wealth has been lost due to, what on the surface appears to be, a very minor market correction.

However, in the short video below I will show you a chart that proves this is only the beginning.

(Click here if you can’t see this video)


I’m stepping forward with all of my evidence so you’ll understand why so many of my colleagues in the CIA, and across the entire U.S. Intelligence Community are already preparing for the worst-case scenario.

Because if we’re right, there isn’t much time left.

Click here to continue

Stay Safe,


Jim Rickards
Financial Threat and Asymmetric Warfare Advisor
CIA & The Director of National Intelligence

P.S. – After you view this short video, please help me get the word out by sharing it on Facebook. And also forward this email to your family and friends.

The more folks who see this, the more we can help prepare for what’s coming.

Stagflation and the Price of Gold Mining Shares

 

In a recent  interview, Michael Pento, President and founder of Pento Portfolio Management, discussed stagflation and the potential for skyrocketing gold mining shares.

When asked about the European Central Bank’s (ECB) recent decision to continue with more qualitative easing (QE), Pento said, “I don’t know when these professional counterfeiters will ever come to the notion that you cannot print your way to prosperity.”

Pento said that after 6 years of zero interest rates and a $3.5 trillion money printing scheme, the unemployment rate is 6.1% and job creation rate hit an 8-month low. After GDP growth fell for 2 years (2008-09), GDP growth in 2010 was 2.5%, 2011 was 1.6%, 2012 was 2.3%, and 2013 was 2.2%. This weak growth, Pento said, has been achieved only by creating “Massive asset bubbles in stocks, bonds and real estate,” as well as a more than $8 trillion increase in the national debt since 2008. He said, “That is the trade off.”

Pento said, “The important figure is that the labor force participation rate continues to fall.” The number of people able and looking for work as a percentage of the non-institutionalized population continues to shrink. He said, “The number of people working and paying taxes, supporting the people sitting at home not working, continues to fall….In the long run, debt and deficits will skyrocket and the amount of money” being printed “has to inexorably increase.”

When asked about the recent rally in the US dollar, which is up about 5% on the DXY, Pento said, “Big deal….The only reason the US dollar is gaining ground is if you measure it against the ECB.” The ECB just started their own asset-backed security program, which Pento called “QE light.” He said, “They haven’t started to monetize sovereign debt, but I’m sure that will come.” The dollar, he said, “is only up against other fraud fiat currencies.”

Pento predicts the dollar’s “massive” rally is coming to an end and a 20% correction in the US dollar. For many months, investors have been selling the Yen and buying US dollars and stocks. But the Fed won’t raise interest rates, so the carry trade will unwind, as investors sell US stocks, bonds and dollars to convert back into yen.

“You will not see robust growth in US GDP,” Pento said. He believes the US may achieve 2% growth, but only because “they underreport inflation.” He predicts that the “Counterfeiters will not be able to increase interest rates, so you will see a string of weak economic data.” He warned that if interest rates hit 7%, the United States would owe a trillion dollars a year in debt payments. Therefore, the central banks cannot allow interest rates to rise. With China and the BRIC nations growing at almost nothing, and Europe not growing, Pento asked, “How can the US suddenly reach escape velocity?” It can’t.

Given such a situation, Pento said, “I don’t see why the US dollar can be rising in the long term….It’s a flawed, sick, fiat currency, just like the rest….And that’s why I think gold, and gold mining shares and gold stocks are going to rally.” He said gold mining shares are up this year, despite the fact that you have this 6% move higher on the dollar compared on the DXY. Why? Pento said, because interest rates are falling and they will continue to fall, which means that “gold stocks will move much higher, especially when this US dollar rally comes to an end.”

Looking to the future, Pento said, “We are headed in the next year, year and a half…to a coordinated sovereign debt collapse.” He foresees a coordinated collapse in the bond markets of Japan, Europe and the United States.

Pento sees Japan as a sign of the future situation in the rest of the industrialized world. Japan has stagflation with a trade deficit for the past 25 months, its currency down 25%, real wages down, and inflation with no growth and a 250% debt-to-GDP ratio. Pento sees such a situation occurring worldwide, including in the United States. Interest rates today, he said, “are in no way reflective of inflation or the quality of the credit of these sovereign nations.” He expects a reversion to the mean, which always happens sooner or later. When interest rates rise, he predicts, you will get “deficits that explode, debt that explodes and debt monetization.”

Pento said that investors who have endured the “brutal bear market in gold stocks” can “take solace,” because “developed nations have no choice…their tax base can in no way can support their debt…They must resort to endless debt monetization.” He predicts that “inflation will be a problem…[and the] only way to keep pace…is by owning precious metal shares.”

 

The VC Price Momentum Indicator Weekly Futures Swing Trading Instructions September 5, 2014

                

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

 

GOLD

WEEKLY MOVING AVERAGES

The December gold futures contract closed at 1269. The market closing below the 50 day MA (1292) is confirmation that the weekly trend momentum is bearish. A close above the 50 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 1273, 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 1254 – 1239  levels and go long on a weekly reversal stop. If long, use the 1.239 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1287 – 1.306 levels during the week.

SILVER

WEEKLY MOVING AVERAGES

The December silver futures contract closed at 19.22. The market closing below the 50 day MA (20.46) is confirmation that the weekly trend momentum is bearish. A close above the 50 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 19.27, 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 18.97 – 18.72  levels and go long on a weekly reversal stop. If long, use the 18.72 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 19.52 – 19.82 levels during the week.

JNUG

WEEKLY MOVING AVERAGES

The contract closed at 19.81. The market closing below the 9 day MA (25.84) 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 20.32 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 17.19 – 14.57 levels and go long on a weekly reversal stop. If long, use the 14.57 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 22,94 – 26.07 levels during the week.

USLV

WEEKLY MOVING AVERAGES

The contract closed at 39.08. The market closing below the 9 day MA (45.85) 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 39.09 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 38.12 – 37.16 levels and go long on a weekly reversal stop. If long, use the 37.16 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 40.05 – 41.02 levels during the week.

RUSSELL 2000

WEEKLY MOVING AVERAGES

The contract closed at 1.170. The market closing above the 50 day MA (1.141) is confirmation that the trend momentum is bullish. A close below the 50 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 1.171 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 1.159 – 1.147  levels and go long on a weekly reversal stop. If long, use the 1.147 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.183 – 1.195 levels during the week.

UCO

WEEKLY MOVING AVERAGES

The contract closed at 31.39. The market closing below the 50 day MA (33.75) is confirmation that the trend momentum is bearish. A close above the 50 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 31.65 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 30.52 – 29.64 levels and go long on a weekly reversal stop. If long, use the 29.64 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 32.53 – 33.66 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.

 

The VC Price Momentum Indicator Weekly Futures Swing Trading Instruction August 29, 2014

Click here for Podcast.

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

GOLD

WEEKLY MOVING AVERAGES

The December gold futures contract closed at 1288. The market closing below the 50 day MA (1294) is confirmation that the weekly trend momentum is bearish. A close above the 50 day MA would negate the weekly bearish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing above the VC Weekly Price Momentum Indicator of 1287, 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 1276 – 1264  levels and go long on a weekly reversal stop. If long, use the 1264 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1299 – 1310 levels during the week.

SILVER

WEEKLY MOVING AVERAGES

The December silver futures contract closed at 19.51. The market closing below the 50 day MA (19.61) is confirmation that the weekly trend momentum is bearish. A close above the 50 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 19.60, it confirms that the price momentum is bearish. A close below the VC Weekly, it would negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 19.26 – 19.01  levels and go long on a weekly reversal stop. If long, use the 19.01 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 19.85 – 20.20 levels during the week.

RUSSELL 2000

WEEKLY MOVING AVERAGES

The contract closed at 1.174. The market closing above the 50 day MA (1.140) is confirmation that the trend momentum is bullish. A close below the 50 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 1.171 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 1.165 – 1.156  levels and go long on a weekly reversal stop. If long, use the 1.156 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.180 – 1.186 levels during the week.

UCO

WEEKLY MOVING AVERAGES

The contract closed at 32.89. The market closing above the 50 day MA (32.36) is confirmation that the trend momentum is bullish. A close below the 50 MA would negate the weekly bearish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing above The VC Weekly Price Momentum Indicator of 32.36 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 31.82 – 30.74 levels and go long on a weekly reversal stop. If long, use the 30.74level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 33.43 – 33.98 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.

 

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