Author Archives: pmontesdeoca

Protect Gains In Gold And Silver And Buy E-Mini S&P 500

Summary

In gold, the VC PMI recommends being neutral and waiting for the market to trigger new buy or sell levels.

The E-mini S&P has activated a weekly buy signal at 2724, with a first target of $2753.

An E-mini S&P close above 2753 will activate 2878 to2907 as targets.

Soon I’ll be offering a subscription service on Seeking Alpha providing even more access to reports based on the VC PMI.

In this special weekend report, I want to review the information we’ve been publishing on Seeking Alpha about the gold market and see how it is doing in comparison with the movement of the market. Then I will offer a new analysis of the E-Mini S&P 500 using our proprietary Variable Changing Price Momentum Indicator (VC PMI).

Gold

Read more HERE

Gold: Higher Prices Short Term Or Buy Pullbacks?

Summary

With gold closing around $1236, the market closing above the 9-day weekly moving average is confirmation that coming into this week we have a bullish trend momentum.

If the gold market closes above $1235, the first target this week is the sell 1 (S1) level of $1247, and the second target is the sell 2 (S2) level at $1258.

If the market comes down below $1235, it would negate this bullish trend to neutral and a second close below $1235 would activate the extreme below the mean of the buy 1 (B1) level of $1224 to the buy 2 (B2) level of $1211..

In this special weekend report, I want to review the gold and silver markets. Let’s see what the Variable Changing Price Momentum Indicator (VC PMI) is telling us for gold as we come into next week.

Read more HERE

Gold And Silver Trends Meet Targets: Turn Bullish

Summary
The VC PMI analysis shows that gold enters this week with a bullish sentiment.

For gold, take profits if you are long and wait for reversions to the buy 1 (B1) level of $1220 to the buy 2 (B2) level of $1212 to go.

The VC PMI analysis shows that silver enters this week with a bullish trend momentum.

If the silver market closes below $14.66, it would activate a bearish trend and activate buy 1 (B1) and buy 2 (B2) levels at $14.45 and $14.25.

The gold market closed on Friday at $1229 and with the market closing above the 9-week moving average of $1208, we came into this week with a bullish sentiment. The VC PMI also tells us that if gold closes below $1208, this bullish sentiment would be negated.

Read more HERE

 

Massive Short Squeeze In Gold And Silver?

Summary

The VC PMI analysis suggests that gold and silver are poised for major breakouts to the upside.

VC PMI suggests gold may be headed for $1,243.80.

Silver appears poised for a breakout to $15.04.

This is the VC PMI Early Bird Metals Special Update for October 11, 2018.

Gold

Read more here

EU and Iran agree on new payment system to skirt US sanctions

Five world powers and Iran agree to set up legal entity to circumvent US sanctions after Trump pullout from 2015 deal.

The EU has vowed to stick to the 2015 nuclear agreement with Iran [File: Stephanie Lecocq/AP]

The EU has vowed to stick to the 2015 nuclear agreement with Iran [File: Stephanie Lecocq/AP]

In a major snub to the United States, the European Union has decided to set up a new mechanism to enable legal trade with Iran without encountering US sanctions.

The EU will create new payment channels to preserve oil and other business deals with Iran, Federica Mogherini, the bloc’s foreign policy chief said late on Monday, in a bid to evade US punitive measures.

US President Donald Trump withdrew from a 2015 nuclear deal in May and re-imposed sanctions on the country.

Read more here…

 

Search the Blog

Post Archives