Author Archives: pmontesdeoca

GOLD AND SILVER TRIGGER LONGTERM BUY SIGNALS

 

In a pod-cast on November 23, Equity Management Academy CEO Patrick MontesDeOca called a bottom in the gold and silver markets, recommending buying for the long term.

In a November 18 Academy report, MontesDeOca discussed how gold had closed at $1211, below the 9-day moving average of $1275 for short-term day trading.

“The gold futures contract closed at 1211. The market closing below the 9 SMA 1275 is confirmation that the weekly trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.”

“This indicates that the trend, the momentum is bearish,” he said, “although it also prepares us for the other side of the coin. If the market closes above $1275, that it would negate this bearish sentiment and turn the trend momentum neutral.”

MontesDeOca bases his analysis in part on the weekly price momentum indicator or pivot point, which is basically the average or the mean of the price. He uses the indicator to identify up and down trends. For gold, he said, a price below $1217 is bearish, which would automatically provide targets for buy 1 and buy 2 of $1198 to $1185.

“Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 1198 – 1185, and go long on a weekly reversal stop. If long, use the 1185 level as a Stop Close Only and Good Till Cancelled order.”

“Coming into this week,” Montes De Oca said, “we see a bit of a bearish sentiment, with gold closing below $1217 and activating the levels of $1198 to $1185, which is where we are currently trading.” Gold is at $1190 last with a low of $1181.2.

“We are right into what I call the harmonics or the demand level in gold,” he said, “which is basically a very high probability according to our algorithm that the prices will revert back to the mean of $1217 as the initial target. If gold closes above $1198, it will activate the $1217 target.” MontesDeOca believes that the market is “Telling us right now that it is in a very, very strong major level of demand.”

For day trading, the price is below the buy 2 level, or at an extreme below the mean, at $1187, which means it is extremely oversold. Therefore, he said, it is “likely the price will revert to the mean of $1212, which is the daily average mean or pivot point.” He forecast that gold will gravitate to the $1217 target, the weekly mean, and if gold closes above $1217, we are looking at $1230 to $1239 as the next targets.

Turning to the silver market, it closed on the 18th at $16.72, below the 9-day moving average of $18.06. MontesDeOca said, “The trend momentum is bearish, but a close above $18.06 will negate this bearishness.”

The silver futures contract closed at 16.72. The market closing below the 9 SMA 18.06, is confirmation that the weekly trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

If silver closes below $16.94, it would be a bearish sign. If it closes above $1694, it would negate this bearishness. MontesDeOca recommended “Taking profits on bearish positions at the $16.30 to $15.89 level, using $1589 as your stop.”

“Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 16.30 – 15.89, and go long on a weekly reversal stop. If long, use the 15.89 level as a Stop Close Only and Good Till Cancelled order.”

With silver trading at $16.24 and a low of $16.17, MontesDeOca said, “We are stabbing right into the demand level on the weekly basis of $16.30 to $15.89. We have what I call a perfect convergence on the harmonics on the daily, weekly and monthly signals.” It is, he said, “A perfect alignment and the completion of this alignment took place today in gold and silver.” They have aligned themselves to these levels, “indicating a very high probability that we’ll see demand develop from these levels and prices will revert back to the mean of $16.94 for silver.” He said, “Closing above $16.94 validates and completes this bottoming process that is taking place for the gold and silver markets.”

The goal of the Equity Management Academy is to provide a select group of investors with the tools and information to invest wisely and well for the long-term in these tough economic times. For more information about the Academy and Patrick MontesDeOca, please email admin@ema2trade.com or call 805-418-1744.

Gold: Looks Like a Bottom to Me!

Patrick MontesDeOca, CEO of the Equity Management Academy, recently discussed how daily, weekly and monthly Academy reports have accurately predicted the movement of the gold market.

In an October 25 Academy report, which was based on the yearly outlook published on September 3, MontesDeOca said with the market above $1269 at the beginning of September, that the VC Price Momentum Indicator was bullish. However, he said, if gold closed below $1269 for the year, it would negate the long-term price momentum and turn it into a neutral position. If that happened, he said, “We could see the market come down below the mean of $1269, which was the average price for the year.” If that happened, he said, “We could see $1154 to $983 activated, which “would be a major sign to go long.” He stressed that such an occurrence was a “very low probability based on the cycle picture we’re looking at.”

MontesDeOca expected a cycle high on October 15, but instead the market inverted and came down to the October 15 low. This meant that the yearly lows predicted by the Academy were met about 30 day’s sooner. He said, “We could see an inverted bottom between October 15 and November 15.”

MontesDeOca said, “It appears that we have made the low on October 7 and had a secondary test of that low on October 14. This is essentially hitting the cycle expectation on target, validating that the low was made exactly during the expected time frame.” Gold is now (November 1) trading at $1289.60, with a high today of $1292. MontesDeOca said, “The price action is penetrating through some of the supply zone.”

Turning to the daily algorithms the Academy published yesterday when gold closed at $1273.10, MontesDeOca said it looked like there were two levels of demand at $1269 to $1266. The low was made at $1276. The market then went through the average price of $1275, which is the average for the day. He said, “The market going through it activated the targets of $1278 to $1283.” The high so far is $1292. Therefore, he said, “This target was completed on schedule for the day trading figures.”

MontesDeOca then discussed the weekly figures, for which, he said, “The market met the targets of $1288 to $1299, which is the supply zone in gold, with a high today of $1292. For the short to intermediate term, the market has met the anticipated targets.”

The monthly report, published October 1, predicted that if the price comes down to $1274, it would be the extreme below the mean of $1326, which is the average for the month. The market would activate a buy signal if the market closed above $1274. Gold made a low on October 6 of $1256, activating the buy two level and is currently trading at $1290. MontesDeOca said the market activated the $1274 buy signal that was published on October 1. The initial target is $1295, and the high so far today (November 1) is $1292. He said, the market is “moving toward that first target of $1295. If gold closes above that target, we are looking at the average for the month as a target, which is $1326 to $1327. A close above $1327 will give us the levels of supply between $1348 to $1378 as our monthly targets.”

Overall, the Academy’s daily, weekly and monthly reports have enjoyed tremendous accuracy and posted excellent returns for the Academy’s select group of subscribers. For more information on the criteria to join the Academy, please email support@ema2trade.com or call 805-418-1744.

Gold – Looks like a bottom to me! VIDEO REPORT

 

The goal of the Equity Management Academy is to provide a select group of investors with the tools and information to invest wisely and well for the long-term in these tough economic times. For more information about the Academy and Patrick MontesDeOca, please contact ema2trade.com or call 805-418-1744.

GOLD – INVERTED BOTTOM COMPLETED?

 

Equity Management Academy CEO Patrick MontesDeOca recently forecast that gold may be poised to make the yearly low sometime between October 15 and November 15.

On September 3, gold closed at $1,325.90, above the 50-day moving average of $1,218, which, MontesDeOca said, confirmed that the long term trend momentum was bullish. He uses the 50-day moving average for long-term analysis. He said, “As long as gold closes and stays above $1,218, the trade momentum is bullish.” If gold closes “below $1,218, it would negate this long-term trend.”

MontesDeOca explained, “This is the mean or average price for the year.”

With the market above $1,269, the yearly VC price momentum indicator is also bullish. He said, “If we do close for the year below $1,269, it would negate the long-term price momentum to a neutral position.” He warned if that is the case, gold could come down to $1,154 – $983 levels, which would be a Major long-Term signal to go long.

MontesDeOca said such an occurrence is a “Very low probability based on what we are looking at with regards to the cycle picture.”

Gold made a high on July 11 of about $1,377.50. Since then it has come down to the 90-day cycle bottom, marking a three-month correction since July 11.

MontesDeOca said, “The price action seems to be validating and confirming that we are looking at is a 90-day cycle bottom for gold.” He also said that based on the yearly cycle, “We had the potential to rally into October 15 to come in as the new yearly high,” which will “prepare the market basically for the final correction that we should see in the remainder of 2016 or a potential yearly bottom all the way into December, as we saw happen last year.” The yearly low last December 3 was $1,045.

“It appears that the market has come down to a precise time and price where instead of a high on October 15 as expected on the yearly cycle, we have made an inversion,” MontesDeOca said. “Instead of making a high, it came down and made a low. This inversion increases the probability that the yearly lows in the gold market probably will be made sooner than December 15….This inversion indicates that instead of October 15 being a high, it has come in as an inverted low, potentially aligning again with the end of the year cycle that confirms a very strong probability that the lows are going to be made between October 15 and November 15 of this year.”

“This is how we can convert the price action into a signal that we can understand,” MontesDeOca said. “An inversion is a strong signal. It has inverted based on manipulation by central banks, which we have seen recently.” He said the price action is embracing the cycle period that indicates that the inversion is a bottom, coinciding with the 90 – and 360-day cycles. Therefore, he forecasts that an inverted bottom between October 15 and November 15 is “very probable.”

The goal of the Equity Management Academy is to provide a select group of investors with the tools and information to invest wisely and well for the long-term in these tough economic times. For more information about the Academy and Patrick MontesDeOca, please contact ema2trade.com or call 805-418-1744.

Gold – Are the 2016 lows in?

 

The goal of the Equity Management Academy is to provide a select group of investors with the tools and information to invest wisely and well for the long-term in these tough economic times. For more information about the Academy and Patrick MontesDeOca, please contact ema2trade.com or call 805-418-1744.

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