Author Archives: pmontesdeoca

Is Silver Ready For Takeoff?

 

 

Summary

All indicators show that gold is poised to make a major move up.

Silver has set a firm bottom and is also ready to burst to the upside – although it may move down first – providing an excellent, historic buying opportunity.

Fundamentally, silver is greatly undervalued given its wide range of uses and possible new use in thinner, more flexible touch screens.

Gold

Looking Backward: How Did Our January 1 Report Do?

In this report, I would like to review the monthly price action for the gold market since we published our last report on Seeking Alpha. On January 1, 2018, the price of February futures gold closed at $1309.

To read more CLICK HERE.

IS SILVER PREPARING FOR TAKE OFF?

 

BEAR FLAG = CONTINUATION PATTERN

BEAR FLAG = CONTINUATION PATTERN

Flags and Pennants are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a midpoint of the move.

*Disclaimer: 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. This report is for educational purposes only.

 

Bitcoin: A Trader’s Dream

Summary

US fund managers and exchanges are rapidly developing products to tap into the fever surrounding digital and crypto assets.

Investment capital continues to flood into Bitcoin.

GBTC provides an excellent vehicle to take advantage of Bitcoin’s volatility but without the margin risks of a futures contract, yet still falling within the realm of well-regulated instruments.

It looks like the Bitcoin phenomenon is not going away anytime soon. If anything, it continues to spread. According to Reuters, US fund managers are ramping up efforts to tap into the fever surrounding digital assets. The latest planned Bitcoin products could deliver some head-turning and stomach-turning price movements if they come to the market.

Read more HERE

Gold Bulls: Proceed With Caution

Gold market looks extremely overbought!

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Is Bitcoin The Canary In The Crypto Mine: If So, Buy Gold

 

 

Summary

The fundamentals point to a continuing bearish US dollar.

Brexit uncertainty, mixed economic data, and the weakening US dollar as a global reserve currency point to the rise of alternatives, such as Bitcoin and gold.

Based on the fundamentals and technical analysis, gold looks bullish.

US Dollar: Bearish

The US dollar appears to be showing a very bearish trend based on the fact that on Friday, December 29, 2017, the dollar index closed at 91.826, below the October and November lows. Based on my analysis, this puts into play the lower targets of 90.50 and 90.65.

Read more HERE

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