Author Archives: pmontesdeoca

Is Gold On The Way To $1,400?

 

 

Summary

The US dollar is set to descend into the month of May, before we see any kind of major support fundamentally.

Inflationary factors that seem to be surfacing are putting pressure on the Fed to raise interest rates as a consequence.

The CPI is a lot stronger than anticipated, and we are seeing more inflationary talk hit the markets, all of which is extremely bullish for gold.

October 10, 2017, Report Confirmed

I would like to review the 180-day cycle since we published the report “Long-Term Gold Forecast” on October 10, 2017, on Seeking Alpha. In the report, I wrote, “Based on the EMA2Trade proprietary VC PMI, I analyzed levels of supply and demand for gold that I expect to see for 12 months from September 28, 2017 to September 28, 2018.” As we look at the 6-month or about 180-day cycle since we published the report, I would like to bring you up to date and see what has transpired since we made the forecasts using the VC PMI automated algorithm.

To read more click HERE

MEAN REVERSION TRADING IN GOLD, SILVER,US DOLLAR, AND BITCOIN

The Automated VC PMI, “Variable Changing Price Momentum Indicator” with Patrick MontesDeOca

 

 Educational Webinar Series                       

MEAN REVERSION TRADING IN GOLD, SILVER,US DOLLAR, AND BITCOIN
The Automated VC PMI, “Variable Chang ing Price Momentum Indicator” with Patrick MontesDeOca

Patrick MontesDeOca, CEO of EMA2 Trade Live, offers an overview of the VC PMI, Variable Changing Price Momentum Indicator. This intelligent algorithmic trading 
system deploys a range of analytical tools to trade Gold, Silver, US Dollar, Bitcoin, and Ethereum. EMA2 Trade Live now offers a new algorithm that can analyze and predict the future price movements of Gold, Silver, Bitcoin, and Ethereum. The algorithm is based on our proven Variable Changing Price Momentum Indicator (VC PMI). The system is completely automated, comprehensive and highly predictive. Learn how the fully automated VC PMI works, see its trading record, and begin to delve into the way professional traders trade. MontesDeOca has spent more than three decades trading all types of markets, beginning in 1974 as a legal, banking and trading advisory for several major Latin American coffee exporters. During the 1980s he became a member of the New York Coffee and Sugar Exchange, and the New York Mercantile. He also served as a consultant and technical analyst for the Mexican government. He created the MCTS Markets Commentary, an advanced automated and technically oriented market letter for the financial and commodity markets published daily in Consensus Magazine since 2003. He is a widely published author, technical analyst and commentator in SeekingAlpha.com, INVESTING.COM, and TraderPlanet.com.The complex multifaceted system is now completely automated and is available from TradeStation Technologies app store.  Register Now Learn how the VC PMI works, its components and track record of every trade in a new book. Pre-order your copy of: MEAN REVERSION TRADING Register Now


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Will Bitcoin Replace the US Dollar?

 

 

 

Summary

The US Senate appears cautiously optimistic about imposing limited regulations on Bitcoin.

Bitcoin identifies demand under $8,400 levels.

If we see a correction in the price of gold to the low of $1,300 or so, it is a great opportunity to add to the long side.

Bitcoin dropped significantly last week after the Chinese government banned foreign cryptocurrencies in its ongoing attempt to rein in Bitcoin and other cryptocurrencies. The EU is still considering what to do, if anything, about such currencies, while the US Senate appears to be meandering toward supporting Bitcoin or at least regulating it to some limited degree. With the market capitalization of Bitcoin standing at about $115 billion, it appears to be far too large an asset for governments to ignore.

To read more click HERE

HIGHER INTEREST RATES BULLISH FOR GOLD?

 

 

 

Summary

Our analysis suggests that the US dollar index may be due for a swing rally in the 93.50 range.

Based on enormous global debt and ultra-low interest rates that cannot continue, we are bullish long-term on gold.

For silver, we have come back to a level that is validating the capitulation or completion of this correction, activating buy signals at $16.33.

The US Dollar and Gold

In my last report published on January 29, 2018, on Seeking Alpha, we looked at the US dollar and gold relationship. We anticipated that the dollar had found some short-term support and had the short-term potential to rally up to 92.00 levels while the gold market had reached an overbought position and was due for a correction and a time for a consolidation.

Last week the US dollar index closed at 89.04. It appeared to be building a foundation for some kind

To read more click HERE

Is Gold Making The Spring Top?

 

 

 

 

Summary

  • We expect the US Dollar Index to rally backup to 92.00 levels.
  • Gold is overbought and due for a correction.
  • A time for a consolidation is at hand.

Dollar Rally?

One the highlights in the news last week was the world economic forum in Davos. On Wednesday, the US dollar struck a weaker note on the basis of comments by the US Treasury Secretary Steven Mnuchin. He said, ahead of the central bank’s policy decision, that he welcomed the weaker currency when the Euro was firm. The following day, President Trump negated these comments by confirming that he wanted a strong dollar. So there seems to be some confusion in defining the future path of the US dollar as the world’s reserve currency.

Last week the dollar was under pressure on expectations that the European Bank and Bank of Japan would normalize their monetary policies. The market then broke into the next phase of the bear market with Mnuchin’s comments.

If we put aside this political rhetoric, which seems to only confuse the market even further, the fact of the matter is that the US Dollar Index made a new low on Thursday of 88.25. On Friday, the market recouped a good part of the loss from the previous day, closing at 88.89.

The condition of the dollar seems to indicate that the price has reached an extreme level below the mean and that there is a strong probability that from this oversold condition we should see a corrective rally back up to the 92.00 levels over the coming weeks.

Upon completion of this swing rally…

To read more click HERE

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