Long-term Gold Forecast.
Aggressive Play in Gold: Direxion Daily Junior Gold Miners Index Bull 3x Shares ETF.
Less-Aggressive Play in Gold: Taseko Mines.
Based on the EMA2 Trade Live Analytics’s proprietary Variable Changing Price Momentum Indicator (VC PMI), I analyzed levels of supply and demand for gold that I expect to see for the twelve months from September 28, 2017 to September 28, 2018. The outlook is bullish and there are two excellent aggressive plays to take full advantage of the forecast: Direxion Daily Junior Gold Miners Index Bull 3x Shares ETF (NYSEARCA:JNUG) and Taseko Mines (NYSEMKT:TGB).
Read more HERE
Long-Term Buy for JNUG
Recent analysis by the Equity Management Academy shows that the Direxion Daily Jr. Gold Miners Bull 3X (JNUG) ETF is an excellent long-term buy.
Academy CEO Patrick MontesDeOca, said JNUG is a “remarkable trade,” which is sending a “very clear buy signal.”
MontesDeOca said that there has been a Fibonacci retracement in JNUG since a $33.29 high in August. The ETF then reached a low on the December 19, 2016. Since then, JNUG has developed a trending pattern up and, MontesDeOca said, “Shows every indication of the beginning of a really exciting move. We have a fairly sizable move coming in the price of gold. It could be a generational move.”
After the $17.93 close last Friday, the Academy’s proprietary trading system, the Variable Changing Price Momentum Indicator (VC PMI) recommends buying into JNUG at $17.03 and buying more if it retraces to $16.12. If the price comes down to these levels, there is an 80% probability that the price will revert back to the mean of $18.71. If a price of $16.12 is reached, JNUG would be extremely below the mean, with better than a 90% chance that it will revert to the average price of $18.71. If JNUG closes above $18.71, it will trigger a bullish trend with a target of between $19.62 and $21.30 short-term.
Overall, the recommendation is to go long on JNUG. “The market has come down to a very good buying level,” MontesDeOca said. “We have clearly reached a level of support.”
MontesDeOca cautioned that JNUG is a “very volatile ETF” and investors should be aware of the risks involved with the JNUG 3x velocity ETF.
For more information on the criteria to join the Academy’s select group of investors or to see every trade recommended by the VC Price Momentum Indicator for the past few years and its impressive rate of return, please email firstname.lastname@example.org or call 805-418-1744.
Gold Yearly Report for 2017/2018 –
The Equity Management Academy has developed a proprietary trading system called the Variable Changing Price Momentum Indicator (VC PMI). The system recommends buying gold long if it passes $1253, with $1269 confirming a long-term bullish trend.
What is the recommendation based on?
First, the VC PMI analyzes the long-term trend momentum based on the 50-day moving average. Gold closed at $1288 on September 28, 2017. By closing above the 50-day moving average of $1253, the market showed that the long-term trend momentum is bullish. If gold should close below the 50-day moving average of $1253, it would negate the bullish sentiment. The 50-day moving average is the first pivot point our analysts use to identify a shift in the long-term trend of the market.
Second, the VC PMI analyzes the price momentum of the market, which is the average price we expect for the following year. The VC PMI program calculates the anticipated supply and demand levels for the next day, week, month and year. We calculate what the extreme above the mean could be for the year and the extreme below the mean could be for the gold market. The analysis creates a structure for trading supply and demand based on the average price. The average mean price is $1264, which we call the VC Yearly PMI. The market closed above the average, which confirms that the long-term price momentum is bullish. If the market closed below $1264, it would negate the long-term trend price momentum to neutral.
Third, the VCPMI identifies the extremes of supply and demand for the next 12 months. If gold closes below $1264, it would negate the long-term trend to neutral. If that happens, we would expect to cover that bearish trend. We recommend that if you have any shorts, you should cover them on corrections of $1166 to $1044. If you are long, we recommend using $1044 as a long-term stop close only and good til cancel order. We suggest taking profits long term, as we predict reaching the $1386 to $1484 levels during the year between September 2017 and September 2018.
The VC PMI Trading System is available from the TradeStation app store. For more information please visit ema2tradelivesignals.com or call 800-418-1744.