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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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  • Weekly Metals Stocks. ETF's Weekly Report For August 13, 2012

    By Patrick MontesDeOca

    The August (Comex) gold contract closed at $1,623. The market closing above the daily 9, 18 and 36 day MA's on a weekly basis is confirmation the trend momentum is bullish.

    With the eurozone showing signs of contracting despite Germany's economic growth it increases the probability of more monetary stimuli such as QE3 is necessary to save the world economy from falling deeper into debt levels that are unsustainable .

    The financial system is beyond the point of no return and without any prospects of world economic growth. This could have potentially devastating consequences to an already broken system if we go to war with Iran. The explosive impact this could have on world precious metals prices like gold and silver could be unprecedented...to read more click HERE

    With the market closing above the weekly VC Weekly Price Momentum Indicator of $1,620 is confirmation the trend momentum is bullish. Look to take some profits if long as we reach the $1,633 to $1,643 levels early next week. If stops are taken out here, we could see a rally up to the $1,680 to $1,700 weekly resistance levels.

    Buy corrections at the $1,610 and $1,594. levels to cover shorts and go long on a weekly reversal stop. If long use the $1,610 level as a SCO/GTC ( Stop Close Only and Good 'Till Cancelled order).

    Let's take a look at some metals stocks and ETF's and see how they compared to the yellow metal.

    GDX - Market Vectors Gold Miners

    The GDX (Market Vectors Gold Miners) ETF closed at $44.85. The 52 week Range is: $39.08 - $66.98

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

    With the market closing above the VC Weekly Price Momentum Indicator of $44.20 confirms the trend momentum is bullish.

    Look to take some profits if long as we reach $45.55 and $46.26 levels early next week.

    Buy corrections to $43.49 to $42.14 levels to cover shorts and go long on a reversal stop. If long use the $42.14 levels as a SCO/GTC ( Stop Close Only and Good 'Till Cancelled order ).

    PHYS - Sprott Physical Gold Trust ETV

    The PHYS - Sprott Physical Gold Trust ETF closed at $14.11. 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 momentum is bullish.

    With the market closing at the VC Weekly Price Momentum Indicator of $14.08 confirms the trend momentum is bullish.

    Look to take some profits if long as we reach $14.18 to $14.26 levels next week.

    Buy corrections to $14 to $13.90 levels to cover shorts and go long on a reversal stop. If long use the $13.90 levels as a SCO/GTC ( Stop Close Only and Good 'Till Cancelled ).

    GLD -SPDR Gold Trust ETF
    The GLD - SPDR Gold Trust ETF closed at $157.20. The 52 week Range is: $148.27-$185.85

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

    With the market closing below the VC Weekly Price Momentum Indicator of $156.91 confirms the trend momentum is bullish.

    Look to take some profits if long as we reach 158.09 and 158.99 levels next week

    Buy corrections to $156 to $154.83 levels to cover shorts and go long on a reversal stop. If long use the $154.83 levels as a SCO/GTC ( Stop Close Only and Good 'Till Cancelled order).

    AGQ - ProShares Ultra Silver

    The AGQ - ProShares Ultra Silver closed at $39.42. 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 is bullish.

    With the market closing above the VC Weekly Price Momentum Indicator of $39.38 confirms the trend momentum is bullish.

    Look to take some profits if long as we reach $40.51 and $41.61 levels next week.

    Buy corrections to $38.28 to $37.15 levels to cover shorts and go long on a reversal stop. If long use the $37.15 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 $17.25. The 52 week Range is: $12.12-$25.56

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

    With the market closing below the VC Weekly Price Momentum Indicator of $17.13 is confirmation the trend momentum is bullish.

    Look to take some profits if long as we reach the $17.62 and $17.99 level next week

    Buy corrections to $16.75 to $16.26 levels to cover shorts and go long on a reversal stop. If long use the $16.26 levels as a SCO/GTC ( Stop Close Only and Good 'Till Cancelled order).

    SLW - Silver Wheaton Corp.

    The Silver Wheaton Corp closed at $30.64. 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 is bullish.

    With the market closing below the VC Weekly Price Momentum Indicator of $29.78 is confirmation the trend momentum is bullish.

    Look to take some profits if long as we reach the $31.74 and $32.83 levels next week.

    Buy corrections to $28.69 to $26.73 levels to cover shorts and go long on a reversal stop. If long use the $26.73 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 $11.43. The 52 week Range is: $10.87 and $21.83

    With the market closing above the VC Weekly Price Momentum Indicator of $11.40 confirms the trend is bullish.

    Look to take some profits if long as we reach the $11.53 and $11.62 levels next week.

    Buy corrections to $11.31 and $11.18 levels to cover shorts and go long on a reversal stop. If long use the $10.74 levels as a SCO/GTC ( Stop Close Only and Good 'Till Canceled order).

    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.

    Aug 13 9:28 AM | Link | Comment!
  • David Morgan Interviews Patrick MontesDeOca, On The Silver & Gold Markets August 15th, 4 PM PST
    Exclusive! David Morgan Interviews Patrick MontesDeOca, President of CMT Group on the Silver & Gold Markets August 15th at 4 PM PST

    We'd like to invite you to a LIVE RADIO Interview with David Morgan, "The Silver Fox" on Wed 15, at 4 PM (PST) on TRADING TALK. He will be interviewing Patrick MontesDeOca, President of CMT Group.

    Click Here to sign up for the Webinar on August 15th at, 4 PM PST.

    Lately, most so-called "analysts" and many investors are pretty much down on the precious metals. In a way you can't really blame them. After all, during the last week of December, we had a very nice rally in both the metals themselves, and the mining stocks.

    Silver surged from $26 and by the end of January looked like it was going to make a major technical breakout above $37 in early March. Gold was looking pretty good too. Investors who had been down an average of 35% for 2011, made almost all of that back in less than two months.

    Then came - THE BIG SMACKDOWN…
    So where are we now? 8 months later Silver is still holding around $27, with gold around $1600, mining stocks have really been crushed but are showings signs of bottoming! The bullish consensus is still negative - in some ways, people are as ready to throw in the towel now as they were in late 2008, when (paper) silver prices touched $9 the ounce!

    Well, either way, have we got a treat for you! Not long from now - August 15th to be exact - Capital Metals Trading Group (cmt-group.com) is going to present an on-the-air online interview with Patrick MontesDeOca, President of CMT-group.com and David Morgan, Editor of The Morgan Report, one of the most highly-regarded financial newsletters in the business.

    Mr. MontesDeOca is considered by those in the know to be one of the top technical analysts when it comes to looking at and profiting from all things gold and silver. Whether it's the market - the metal, the miners, ETF's or the resource sector in general.

    Get Patrick MontesDeOca's take on:

    • What he expects for gold and silver the rest of this year.
    • Where Gold and Silver prices are headed - regardless of whether the European debt bomb explodes now or later.
    • Why the mining stock sector has underperformed metals' prices for the last several years - and what Patrick thinks is likely to happen to share prices next.
    • Is it too late to get involved in the silver bull market?
    • Are Exchange Traded Funds (ETFs) a good tool for "juicing" the profits in your portfolio?
    • Can the Big Bank (paper) Silver shorts keep bullion prices from reaching their true (much higher) value?
    • Why it's so hard for most people to invest when prices are moving lower - and how you can break out of this "loser's mindset".
    • Are there ways to "lock in" profits and lower the risk of loss when the markets take a tumble?

    Patrick will be fielding questions from listeners too!

    Reserve your space for the August 15th interview now.

    While you are at it, go HERE and read: The Gold and Silver Futures Weekly Special Report or listen to the podcast HERE.

    This weekly update by Patrick MontesDeOca, Director of 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 David Morgan are going quickly. Click Here to sign up for the Webinar. We will send you an email reminder the day before and the day of August 15th for this exciting Online/Radio interview.

    Be sure to attend with David Morgan and Patrick MontesDeOca on Wednesday, August 15, at 4 PM Pacific Standard Time. YOU WON'T BE DISAPPOINTED!

    CLICK HERE To listen to our latest interview with Eric Sprott

    OUR MISSION at Precious Metal Information…

    Our mission is to inform and educate individuals looking for alternatives to main street media with proprietary market intelligence and independent progressive research for the precious metals markets. We do this by providing a completely free platform of industry experts' opinions and commentaries on the cutting edge of technology.

    Patrick MontesDeOca click on this link to read about Patrick's bio and the development of his proprietary trading tool, The VC Price Momentum Indicator.

    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, PSLV, SLV, GDX, GLD, SLW, Gold, Silver
    Aug 01 2:59 PM | Link | Comment!
  • This Revised Special Edition For The Gold 2012 Mid Year Cycles Report

    By Patrick MontesDeOca

    This is the 2012 Revised Special Edition for the Gold 2012 Mid Year Cycles Report. On this report we will take a look at what the gold market has done for the past 7 months and what we can expect for the remainder of 2012.

    In using the weekly chart, we can clearly identify a long-term descending wedge pattern. According to classical technical analysis interpretation, this is a very bullish pattern that identifies the end of a consolidation period and a major change in the trend or cycle pattern.

    The pivot point confirmation of a bullish breakout would be a decisive weekly close above the 1.600 per ounce levels for spot gold. This would put into perspective the next levels of monthly resistance between the 1.627 and 1.662 levels.

    Breaking above these levels, it enters a different price fractal projecting the 1.750 to 1.800 levels as a potential target and eventually the all time highs made in 2011 above 1.900 per ounce.

    With the VC Monthly Price Momentum Indicator at 1.590 it confirms the bullish uptrend is intact.

    Let's take a look at what the yearly cycles or energy patterns are forecasting in 2012 by using the chart below provided by www.ewc-trading.com.

    The Highs for this period:

    According to the VC Price Energy Momentum Indicator, the upper end of the vertical axis indicator above 8 begins to get overbought anything above 9 is extremely overbought.

    These are the following months for this period: October and December, 2012.

    The recommended strategy: cover long and reverse to short.

    These monthly dates contain a high probability factor for the monthly cyclical patterns to change and reverse as the cyclical energy period is completed and the indicator adjust to the access level one in preparation for the next cycle wave pattern to start again continuously in a forward motion.

    The Lows for this period:

    These are the following months for this period. August and November, 2012.

    The recommended strategy: cover shorts and reverse to long.

    Acceleration Patterns:

    According to the VC Price Energy Momentum Indicator, the acceleration patterns are directional momentum indicators that identify increasing trend volatility and are used to add to your position according to the 30 day trend patterns.

    These are the following months for this period: July and August 2012.

    The recommended strategy: Add to trend positions on corrections.

    PRICE CONCLUSION:

    As we can confirm from VC Price Energy Momentum Indicatorcyclical chart above the gold market is on track to make a bottom by August of 2012 and as early as July 15th.

    Once this bottoms is confirmed, look for a bullish acceleration pattern that could last until the middle of October projecting prices into the 2.200 per ounce levels. A minor correction is expected from here before te final bullish leg of 2012 begins in November that could last until the middle of January 2013 with prices well above 2.500 per ounce.

    Disclosure: I am long PSLV, AG, AGQ, PHYS, SLW, GDX.

    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.

    Jul 15 5:27 PM | Link | Comment!
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