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Patrick MontesDeOca
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Published Technical Analyst, Author, Commodity Trader, Systems Developer, Algorithmic Intelligence, Computer Modeling of Processes. I custom build Proprietary Artificial Intelligence for each individual client's portfolio needs. After more 30 years in the business, Patrick MontesDeOca has... More
My company:
Equity Management Academy
My blog:
Trading Talk
My book:
Vedic Codes of the Stock Market Volume 3 – ETFS
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  • John Embry's Exclusive Interview With Patrick MontesDeOca From Equity Management Academy

    Equity Management Academy proudly presents an exclusive LIVE interview with John Embry, Chief Investment Strategist from Sprott Asset Management.

    John Embry joined Sprott Asset Management LP as Chief Investment Strategist in March 2003. He plays an instrumental role in developing the corporate and investment policy of the firm. John, an industry expert in precious metals, has studied the gold sector for over thirty years and has accumulated industry experience as a portfolio management specialist since 1963.

    We'd like to invite you to this LIVE RADIO Interview with John Embry, on September 28, at 1:30 PM (EST) on TRADING TALK. He will be interviewed by Patrick MontesDeOca, Director of the CMT Group and sponsored by ema2trade.com "Preserving Wealth Through Education".

    Get John Embry's take on:

    WHERE IS SILVER HEADED FROM HERE?

    WILL THE U.S. ECONOMY "FALL OFF THE FINANCIAL CLIFF?"

    WHAT WILL THE OUTCOME OF THE ELECTION DO TO THE PRICE OF GOLD?

    HOW IS THE MIDDLE EAST CRISIS GOING TO AFFECT THE PRICE OF GOLD?

    You can sign up here.

    "The reaction of the gold market after the last FOMC announcement was somewhat of a surprise. Most market participants were looking for an explosive upside move after the Fed's decision. Instead, the market might have gotten ahead of itself in anticipating and discounting the long awaited announcement from Mr. Bernanke regarding QE3. Currently, the price is consolidating and processing this information before the next big move from current levels".

    John and Patrick will be fielding questions from listeners too!

    Reserve your space and submit your questions for the September 28 interview with John Embry now: HERE

    And while you are at it, go here and listen to Bond Prices Collapse and Gold Explodes!Silver!

    This weekly update by, Patrick MontesDeOca Director of the CMT Group, can take your investment perspectives (and most likely, profits) to the next level.

    We could be looking at a series of explosive Life-changing/Wealth - building events…dead ahead!

    Want exposure to Alternative Market Intelligence? Sign up for our FREE weekly updates here: http://www.preciousmetalinformation.com/subscribe/

    Don't forget…spots for Patrick's Interview with John Embry are going quickly. Sign up here now. We will send you an email reminder the day before and the day of (Sep 28) this exciting Online/Radio interview.

    Beware and Prepare!

    Be sure to attend with John Embry and Patrick MontesDeOca on Friday, September 28 at 1:30 PM (EST). YOU WON'T BE DISAPPOINTED!

    Tags: PHYS, PSLV, SLV, GDX, GLD, Gold, Silver
    Sep 22 11:42 PM | Link | Comment!
  • WEEKLY MARKET SCAN For September 14, 2012

    By Patrick MontesDeOca

    If we take a look at the December 30 Year US Treasury Bond Futures charts, we can clearly see that bonds have put in what most classic technical analysts call a Triple Top.

    This chart formation is used to identify major long-term changes in price chart patterns. In this case it looks like the downside target objective is in the 142 area, near term. This puts in a yield of approximately 3.5%, as a potential target short-term.

    In terms of yield, the 30 Year US Treasury Bond Yields have gone up from a low of 2.46% made on July 23, 2012 to the current levels of 3.09% as of September 14, 2012!

    Bond prices have come down from a high of $154.17 as of July 23, 2012, to the current price of $144.30 as of September 24, 2012. That is a staggering increase in interest rates of more than 9 basis points in just a few of months.

    Click HERE to enlarge.

    This is a major shift in interest rates, in a short period of time and it signals ownership risk of U.S. Treasuries is at a historical high!

    Let's take a closer look at what the yield technical indicators are telling us for the bond market near-term.

    The September US 30 Year electronic T Bond contract closed at 3.09% yield. The 52 week Range is: 2.46% - 4.39%. The market closing above the daily 9, 18 and 36 day MA's on a weekly basis is confirmation the yield trend momentum is bullish.

    The market closing above the VC Weekly Price Momentum Indicator of 3% yield, confirms the trend remains bullish. Look to take some profits if long as we reach the 3.18% to 3.26% levels early next week. If stops are taken out here, we could see a sharp rally up to the 3.25% and 3.48% weekly resistance levels.

    Buy corrections at the 2.92% and 2.74% levels to cover shorts and go long on a weekly reversal stop. If long use the 2.74% level as a SCO/GTC ( Stop Close Only and Good Till Cancelled order).

    In comparison to the bond market during the same time frame, the price of gold rose more than 10% from a level of $1,608 per ounce made on July 23, 2012 to the present levels of $1,773 per ounce as of Sep 14, 2012.

    It seems the price of gold has gotten ahead of the Fed's decision regarding the highly expected QE3 announcement. It is implying that it has discounted the announcement, since it was looking for a more universally robust plan than what was announced. As a result the move ran out of steam with gold closing at $1,773 per ounce, a slight gain of more than $33 dollars for the day.

    Let's take a close look at the charts and see what the technical picture looks like over the near-term.


    Click HERE to enlarge.

    The December (Comex) electronic gold contract closed at $1,773.6. 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 confirms the momentum is bullish and puts into perspective near-term the $1,900 target levels or the September 2011 highs of $1,934.6 per ounce.

    The market closing at the VC Weekly Price Momentum Indicator of $1,774 is neutral to bearish. Look to take some profits if long as we reach the $1,780 and $1,787 levels early next week. If stops are taken out here, we could see a sharp rally up to the $1,800 to $1,825 levels weekly resistance levels.

    Buy corrections at the $1,767 and 1,761 levels to cover shorts and go long on a weekly reversal stop. If long use the $1,761 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    The December (Comex) electronic silver contract closed at $34.66. The 52 week Range is: $26.20 - $40.72. The market closing above the daily 9, 18 and 36 day MA's on a weekly basis confirms the momentum is bullish.

    The market closing above the VC Weekly Price Momentum Indicator of $34.65 is bullish. Look to take some profits if long as we reach the $34.99 and 35.32 levels early next week. If stops are taken out here, we could see a sharp rally up to the $36.50 to $37.50 levels weekly resistance levels.

    Buy corrections at the $34.32 and $33.99 levels to cover shorts and go long on a weekly reversal stop. If long use the $33.99 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: Trading in the financial markets involves significant risk of loss and is not suitable for everyone. Past performance is not necessarily indicative of future results.

    Tags: AG, AGQ, GDX, GLD, PSLV, SLV, metals, bonds
    Sep 15 7:48 PM | Link | Comment!
  • Weekly Gold And Silver Report For August 31, 2012; America's Debt Crisis!

    By Patrick MontesDeOca

    Let us take a look at what we believe will be the U.S. dollar ultimate demise, our massive Federal Deficit. America's Debt Crisis!

    Today, roughly 100 million Americans have their money tied up in interest-bearing CD and saving accounts that are paying roughly 1 to 2 percent. And with an inflation rate generously pegged by the Feds at roughly 3 percent, the ship is on its way to the bottom and quickly. This is all exacerbated tremendously by our continually increasing, and ultimately unsustainable massive Government Federal Deficit.

    Under Roosevelt the Federal Government was 3% of the economy, today it's over 28 %. And when you add state, local, compliance agencies, and all the businesses that support the government it's over 50% of the U.S. economy. Now that's big government!

    The U.S. has16 trillion in current total debt so far. With over 100 trillion in committed debt to future spending on Social Security, Medicare and the like, all with a currently shrinking workforce and tax base.

    Ben Bernanke gave us an indication when he said recently, "The large U.S. current account deficit cannot persist indefinitely because the ability of the United States to make debt service payments and the willingness of foreigners to hold U.S. assets in their portfolios are both limited". In fact, foreign investors don't even have to sell their U.S. debt to make us insolvent. All they have to do is stop buying it! And that's the rosier outlook. More to the point, soon the world will lose confidence in the U.S. dollar, and will want to cash in all the U.S. Treasuries they own. Interest rates will rise. When that day happens, because we don't have the currency to pay-up, the printing presses will roll into overdrive and the ship will begin its rapid descent to the bottom.

    Our politicians have put the American economy so far into debt, that they only possible way to pay it is to print hundreds of trillions of dollars and that can only lead to one thing - Inflation.! And the roughly 100 million Americans with their currency in CDs and saving accounts mentioned earlier, will find the value or purchasing power of those dollars, will be stolen to next to nothing.

    Yet throughout history, there has always been one thing that has continually held value in all economic conditions, and that is gold and silver.

    The gold market had a second week follow through by closing above the downtrend resistance levels of $1,680 per ounce.

    With no decisive or specific measures from Chairman Bernanke in last week's FOMC meeting regarding interest rates and monetary policy, the gold market reacted on a negative tone initially until it met strong physical buying and rallied more than $48 per ounce from the lows of the day to close at $1,692.30 for the week.

    This is a second weekly close above the $1,680 resistance levels and has initiated a major long-term buy signal on heavy volume for the yellow metal. A short-term objective of $1,787 per ounce, (61.% Fibonacci Retracement) is the target.

    Let's take a look at the weekly gold and silver chart technical indicators below and see what we can look forward to next week.

    Click HERE to enlarge chart

    The December (Comex) gold contract closed at $1,692.30. 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 confirms the trend momentum is bullish.

    With the market closing above the VC Weekly Price Momentum Indicator of $1,677, confirms the trend momentum is bullish.

    Look to take some profits if long as we reach the $1,707 and $1,725 levels early next week. If stops are taken out here, we could see a sharp rally up to the $1,739 and $1,787 weekly resistance levels.

    Buy corrections at the $1,658 to $1,628 levels to cover shorts and go long on a weekly reversal stop. If long use the $1,628 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    Click HERE to enlarge chart

    The December (Comex) silver futures contract closed at $31.72. The 52 week Range is: $26.20 - $44.19.

    The market closing above the daily 9, 18 and 36 day MA's on a weekly basis confirms the trend momentum is bullish.

    With the market closing above the VC Weekly Price Momentum Indicator of $31.17, confirms the trend momentum is bullish.

    Look to take some profits if long as we reach the $32.08 and $32.72 levels early next week. If stops are taken out here, we could see a rally up to the $33.50 to $35 per ounce weekly resistance levels.

    Buy corrections at the $30.53 to $29.62 levels to cover shorts and go long on a reversal stop. If long use the $29.62 levels as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    Let's take a look at some of the precious metals stocks and ETFs and see what is the technical outlook for the group.

    GDX - Market Vectors Gold Miners

    The GDX (Market Vectors Gold Miners) ETF closed at 47.94. The 52 week Range is: 39.08 - 66.98.

    The market closing above the 9 and 18 day 36 MA's on a weekly basis confirms the momentum is bullish.

    With the market closing above the VC Weekly Price Momentum Indicator of 47.32, confirms the trend momentum is bullish.

    Look to take some profits if long as we reach 48.68 and 49.20 levels early next week.

    Buy corrections to 46.58 and 45.22 levels to cover shorts and go long on a reversal stop. If long use the 45.22 levels as a SCO/GTC ( Stop Close Only and Good 'Till Cancelled order ).

    SLW - Silver Wheaton Corp.

    The Silver Wheaton Corp closed at 34.60. The 52 week Range is: 22.94 and 42.50.

    The market closing above the 9, 18 and 36 day MA's on a weekly basis confirms the trend momentum is bullish.

    With the market closing below the VC Weekly Price Momentum Indicator of 34.10, confirms the trend momentum is bullish.

    Look to take some profits if long as we reach the 35.15 and 35.70 levels next week.

    Buy corrections to 33.55 to 32.50 levels to cover shorts and go long on a reversal stop. If long use the 32.50 levels as a SCO/GTC (Stop Close Only and Good 'Till Canceled order).

    AG - First Majestic Silver Corp.

    The AG - First Majestic Silver Corp. closed at 19.73. The 52 week Range is: 12.12 and 25.56.

    The market closing above the 9,18 and 36 day MA's on a weekly basis confirms the trend momentum is bullish.

    With the market closing above the VC Weekly Price Momentum Indicator of 19.31, confirms the trend momentum is bullish.

    Look to take some profits if long as we reach the 20.15 and 20.58 level next week.

    Buy corrections to 18.88 and 18.04 levels to cover shorts and go long on a reversal stop. If long use the 18.04 levels as a SCO/GTC (Stop Close Only and Good 'Till Cancelled order).

    AGQ - ProShares Ultra Silver

    The AGQ - ProShares Ultra Silver closed at 50.04. The 52 week Range is: 34.45-127.08.

    The market closing below the 9, 18 and 36 day MA's, on a weekly basis confirms the trend momentum is bullish.

    With the market closing above the VC Weekly Price Momentum Indicator of 48.50, confirms the trend momentum is bullish.

    Look to take some profits if long as we reach 51.60 and 53.16 levels next week.

    Buy corrections to 46.94 to 43.84 levels to cover shorts and go long on a reversal stop. If long use the 43.84 levels as a SCO/GTC (Stop Close Only and Good 'Till Canceled order).

    PSLV - Sprott Physical Silver Trust

    The PSLV Sprott Physical Silver Trust closed at 13.00. The 52 week Range is: 10.87 and 21.83.

    The market closing above the 9 and 18 day MA's on a weekly basis confirms the trend momentum is bullish.

    With the market closing above the VC Weekly Price Momentum Indicator of 12.78, confirms the trend momentum is bullish.

    Look to take some profits if long as we reach the 13.20 and 13.44 levels next week.

    Buy corrections to 12.56 to 12.12 levels to cover shorts and go long on a reversal stop. If long use the 12.12 levels as a SCO/GTC ( Stop Close Only and Good 'Till Canceled order).

    PHYS - Sprott Physical Gold Trust ETV

    The PHYS - Sprott Physical Gold Trust ETF closed at 14.98. The 52 week Range is: 13.03-16.86.

    The market closing above the 9 and 18 day MA's on a weekly basis confirms the trend momentum is bullish.

    With the market closing at the VC Weekly Price Momentum Indicatorof 14.85, confirms the trend momentum is bullish.

    Look to take some profits if long as we reach 15.13 to 15.28 levels next week.

    Buy corrections to 14.70 and 14.42 levels to cover shorts and go long on a reversal stop. If long use the 14.42 levels as a SCO/GTC ( Stop Close Only and Good 'Till Cancelled ).

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in AG, AGQ, PSLV, SLV, GLD, GDX, SLW over the next 72 hours.

    Additional disclosure: Precious metals products trading involves significant risk of loss and is not suitable for everyone. Past performance is not necessarily indicative of future results.

    Tags: AG, AGQ, GDX, GLD, PHYS, PSLV, SLW, Gold, Silver, Economy
    Sep 04 11:52 AM | Link | Comment!
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