Seeking Alpha

Patrick MontesD...'s  Instablog

Patrick MontesDeOca
Send Message
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
  • This Is The 2012 Revised Special Edition For The Gold Yearly Cycles Report. 0 comments
    Jul 15, 2012 2:46 PM | about stocks: GDX

    Hello, I am Patrick MontesDeOca with Precious Metals Information.

    OUR MISSION at Precious Metal Information…is to provide a completely free platform for industry experts to publish their opinions and commentaries on the cutting edge of technology.

    Enabling us 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.

    This is the 2012 Revised Special Edition for the Gold 2012 Yearly Cycles Report.

    EWC-Trading.com - Yearly Gold Chart 2012

    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: January, March, 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.

    Use these dates as a reversal indicator. For stocks and ETF's use the New York Stock Exchange PM Closing Prices.

    The Lows for this period:

    According to the VC Price Energy Momentum Indicator, the low end of the indicator below 2 begins to get oversold. Anything below 1 is extremely oversold.

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

    The recommended strategy: cover shorts and reverse to long.

    These monthly dates contain a high probability factor for the monthly cyclical patterns to change and reverse as the cycle energy period is completed and the indicator adjusts back to the axis level 9 in preparation for the next cycle wave pattern to start again continuously in a forward motion.

    Use these dates as a reversal indicator. For stocks and ETF's use the New York Stock Exchange PM Closing Prices.

    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: February, May, June, July and August 2012.

    The recommended strategy: Add to trend positions on corrections.

    PRICE CONCLUSION:

    By interpreting the VC Energy Price Momentum Indicator for the remainder of 2012, we can expect a high level of volatility in the gold market over the next few months.

    The cyclical wave pattern seems to suggest we have made an important low in the month of April 4, 2012 at $1.613 per ounce .

    Our proprietary research suggests this level will hold as support and function as a foundation for a major rally that could propel gold prices to reach new highs this summer above $2,150 per ounce.

    Over the next couple of months, expect a short-term top in June with a minor correction into the month of August.

    If this patterns unfolds it would should set the stage for a significant rally into the month of October, from which the last correction for this year should develop into the month of November.

    From here it shows the potential for a rally into new all time highs as we move towards the end of 2012, well above $2,200 per ounce.

    The VC Price Momentum indicator points out two potential time periods for new all time highs in 2012. Keep a lookout for the months of October or December for this to potentially take place.

    Disclosure: I am long GLD, GDX, PSLV, AG, AGQ.

    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.

    Stocks: GDX
Back To Patrick MontesDeOca's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • agq
    Mar 31, 2013
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.