Author Archives: pmontesdeoca

Our proprietary cycles are indicating a short term top is in place in the metals 9-10-2012

Our yearly proprietary cycles are confirming the potential that a cyclical top has taken place in gold and silver. This short-term top should last for approximately 30 days ending on or before October 15, 2012.

Upon completion of this corrective wave pattern a major rally is expected to develop between Oct 15 – Nov 15, 2012 that could take gold to new highs for the year.

Weekly Gold Report For September 7, 2012: Gold’s Transformation

Weekly Gold Report For September 7, 2012: Gold’s Transformation

By Patrick MontesDeOca

According to theĀ World Gold Council, gold is being discussed and considered as part of the solution to the eurozone crisis. Natalie Dempster, Director of Government Affairs reviews the possibility that the ECB could consider creating a European Stability Fund that could be collateralized with gold.

As we are currently witnessing the biggest transition in the history of the eurozone, central bankers and leaders are looking at all the possibilities available in order to maintain economic stability..….Click here to read more

WEEKLY MARKET SCAN For September 7, 2012

The December (Comex) gold contract closed at $1,737.60. The 52 week Range is: $1,535 – $1,934.6. The market closing above the daily 9, 18 and 36 day MA’s on a weekly basis, puts into perspective near-term the $1,900 target levels or the September 2011 highs of $1,934.6 per ounce.

The market closing above the…Click HERE to read more

Weekly Gold and Silver Weekly Report for August 31, 2012; America’s Debt Crisis!

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