Author Archives: pmontesdeoca

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.

The VC Price Momentum Indicator Gold and Silver Weekly Futures Swing Trading Instructions October 14, 2016

 

                                   The VC Price Momentum Indicator

                  

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

 

GOLD

WEEKLY SUMMARY

TREND MOMENTUM:  1312 Bearish

PRICE MOMENTUM:   1260 Bearish

 

PRICE INDICATOR

EXIT LONGS:

    2 ) 1270

    1)  1263

 

EXIT SHORTS:

 

  • 1253
  • 1250

 

 

WEEKLY TREND MOMENTUM

The gold futures contract closed at 1256 . The market closing below the 9 SMA 1312 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.

 

WEEKLY PRICE MOMENTUM

With the market closing below the VC Weekly Price Momentum Indicator of 1260, it that the price momentum is bearish.  A close above the VC Weekly, it would trigger weekly stops and negate the bearish signal to neutral.

 

WEEKLY PRICE INDICATOR

Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 1253 – 1250, and go long on a weekly reversal stop. If long, use the 1250 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 1263 – 1270 during the week.

 

SILVER

 

WEEKLY SUMMARY

 

TREND MOMENTUM: 18.85 Bearish

PRICE MOMENTUM: 17.54 Bearish

 

PRICE INDICATOR

EXIT LONGS:

    2) 18.06

    1) 17.75

 

EXIT SHORTS:

 

  • 17.22
  • 17.00

 

 

WEEKLY TREND MOMENTUM

The silver futures contract closed at 17.44. The market closing below the 9 SMA 18.85, 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.

 

WEEKLY PRICE MOMENTUM

With the market closing below the VC Weekly Price Momentum Indicator of 17.54 it confirms that the price momentum is bearish. A close above the VC Weekly, it would trigger weekly stops and negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR

Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 17.22 – 17, and go long on a weekly reversal stop. If long, use the 17 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 17.75 – 18.06 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.

 

Patrick MontesDeOca

 

Equity Management Academy

 

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Are Your Savings Safe? U.N. Warns Next Financial Crisis Imminent

“There remains a risk of deflationary spirals in which capital flight, currency devaluations and collapsing asset prices would stymie growth and shrink government revenues. As capital begins to flow out, there is now a real danger of entering a third phase of the financial crisis …”
UN Conference on Trade and Development’s Annual Report (UNCTAD), September 22, 2016

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