Imprudent Reactions and False Hopes

I love imprudent reactions. In fact when it comes to silver bullion there have been plenty of days in which I have witnessed tremendous kneejerk reactions. In the past 40 months seemingly these kneejerk reactions have often been centred on some sort of “goldilocks” framework, and spun in headlines about the US economy getting better and better.

From the mordant timbre of the first paragraph surely the reader knows by now where we are heading. To read more CLICK HERE.

The Global VC Price Momentum Indicator ETF’s Swing Trading Instructions weekly – 11/14//2014

               

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

 

JNUG

WEEKLY MOVING AVERAGES

The contract closed at 4.26. The market closing below the 9 day MA (8.75) 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 above The VC Weekly Price Momentum Indicator of 4.01 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 3.45 – 2.65 levels and go long on a weekly reversal stop. If long, use the 2.65 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.82 – 5.37 levels during the week.

 

USLV

WEEKLY MOVING AVERAGES

The contract closed at 22.81. The market closing below the 9 day MA (26.27) 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 above The VC Weekly Price Momentum Indicator of 21.73 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 20.34 – 17.86 levels and go long on a weekly reversal stop. If long, use the 17.86 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 24.26 – 25.70 levels during the week.

 

GLD

WEEKLY MOVING AVERAGES

The contract closed at 114.47. The market closing below the 9 day MA (115.98) is confirmation that the trend momentum is bearish.

WEEKLY MOMENTUM INDICATOR

With the market closing above The VC Weekly Price Momentum Indicator of 113.56, 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 111.59 – 108.73 levels and go long on a weekly reversal stop. If long, use the 108.73 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 116.03 – 117.60 levels during the week.

RUT – RUSSELL 2000

WEEKLY MOVING AVERAGES

The contract closed at 1.174. The market closing above the 9 day MA (1.128) is confirmation that the trend momentum is bullish. A close above the 9 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 1.179 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 1.169 – 1.164  levels and go long on a weekly reversal stop. If long, use the 1.164 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.184 – 1.194 levels during the week.

UCO – C OIL

WEEKLY MOVING AVERAGES

The contract closed at 21.26. The market closing below the 9 day MA (26.14) 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 21.61 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 19.88 – 18.49 levels and go long on a weekly reversal stop. If long, use the 18.49 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 22.99 – 24.73  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.

 

The VC Price Momentum Indicator Gold and Silver Weekly Futures Swing Trading Instructions – November 14, 2014

 

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

 

GOLD

WEEKLY MOVING AVERAGES

The December gold futures contract closed at 1186. The market closing below the 9 day MA (1206) 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 above the VC Weekly Price Momentum Indicator of 1175, 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 1157 – 1128 levels and go long on a weekly reversal stop. If long, use the 1128 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1204 – 1222 levels during the week.

 

SILVER

WEEKLY MOVING AVERAGES

The December silver futures contract closed at 16.31. The market closing below the 9 day MA (16.94) 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 above the VC Weekly Price Momentum Indicator of 15.98, 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 15.58 – 14.58  levels and go long on a weekly reversal stop. If long, use the 14.58 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 16.71 – 17.11 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.

Greenspan’s Stunning Admission: “Gold Is Currency; No Fiat Currency, Including the Dollar, Can Match It”

For some reason, the Council of Foreign Relations, where ex-Fed-Chief Alan Greenspan spoke last week, decided the following discussion should be left out of the official transcript. We can perhaps understand why… as Gillian Tett concludes, “comments like that will be turning you into a rock star amongst the gold bug community.”

To read more click HERE…

Gold and Silver Weekly Futures Swing Trading Instructions – November 8, 2014

 

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

 

GOLD

WEEKLY MOVING AVERAGES

The December gold futures contract closed at 1178. The market closing below the 9 day MA (1211) 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 above the VC Weekly Price Momentum Indicator of 1163, 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 1146 – 1.114 levels and go long on a weekly reversal stop. If long, use the 1114 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1195 – 1.212 levels during the week.

 

SILVER

WEEKLY MOVING AVERAGES

The December silver futures contract closed at 15.81. The market closing below the 9 day MA (17.19) 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 above the VC Weekly Price Momentum Indicator of 15.69, 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 15.16 – 14.51 levels and go long on a weekly reversal stop. If long, use the 14.51 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 16.34 – 16.87 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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