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Kevin Wilbur
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Kevin John Bradford Wilbur is the President and Founder of ProtectVEST and AdvanceVEST By EchoVectorVEST. He is also the Chief Architect of the Motion Dynamics and Precision Pivots Forecast Model and Alert Paradigm, and the Senior Developer of the ProtectVEST and AdvanceVEST Active Advanced Risk... More
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The Market Pivots Forecaster And Active Advanced Position And Risk Management Newsletter
  • GOLDPIVOTS.COM AND SILVERPIVOTS.COM: "Today Is An Important Day For Gold" Aug 30 2013 0 comments
    Aug 30, 2013 10:05 AM | about stocks: AGOL, DUST, FSG, GDX, GDXJ, GGGG, GLDX, GLL, IAU, NUGT, SGOL, TBAR, UGL, RING, DBB, DBP, GLTR, PSAU, XME, AGQ, DBS, SIL, SLVP, SIVR, SLV, USLV, DSLV, ZSL, WITE, DGP, DGZ, DZZ, SPGH, UBG, UBM, USV, UGLD, DGLD

    READ "THE GOLD PIVOTS NEWSLETTER" at www.goldinvestorweekly.com(click on picture).
    READ "THE GOLD PIVOTS NEWSLETTER" at http://www.goldinvestorweekly.com (click on picture).
    THE GOLD PIVOTS NEWSLETTER RSS FEED BY GOLD INVESTOR WEEKLY AND PROTECTVEST AND ADVANCEVEST BY ECHOVECTORVEST MDPP PRECISION PIVOTS AND BY BRIGHTHOUSE PUBLISHING.

    THE WEEKLY NEWSLETTER SPECIALIZING IN GOLD PRICE ACTION AND GOLD PRICE PIVOTS AND GOLD PRICE FORECASTING FOR ADVANCED DAYTRADERS, ADVANCED SWING TRADERS, AND SEASONED MARKET PROFESSIONALS.

    Currently a regularly updated online newsletter providing valuable and timely analysis of the gold market, gold prices, advanced gold price forecast echovector pivot points and echovector price inflection points, and coordinate forecast echovector support and resistance vectors.

    "Positioning for change... staying ahead of the curve... we're keeping watch for you."

    READ "THE SILVER PIVOTS NEWSLETTER" atwww.silverinvestorweekly.com (click on picture).
    READ "THE SILVER PIVOTS NEWSLETTER" at http://www.silverinvestorweekly.com (click on picture).
    THE "SILVER PIVOTS NEWSLETTER" RSS FEED BY SILVER INVESTOR WEEKLY AND PROTECTVEST AND ADVANCEVEST BY ECHOVECTORVEST MDPP PRECISION PIVOTS AND BY BRIGHTHOUSE PUBLISHING.

    THE WEEKLY NEWSLETTER SPECIALIZING IN SILVER PRICE ACTION AND GOLD PRICE PIVOTS AND GOLD PRICE FORECASTING FOR ADVANCED DAYTRADERS, ADVANCED SWING TRADERS, AND SEASONED MARKET PROFESSIONALS.

    Currently a regularly updated online newsletter providing valuable and timely analysis of the silver market, silver prices, advanced silver price forecast echovector pivot points and echovector price inflection points, and coordinate forecast echovector support and resistance vectors.

    "Positioning for change... staying ahead of the curve... we're keeping watch for you."

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    Today Is An Important Day For Gold

    Aug 30 2013, 07:04 | 4 comments | includes: GLD

    BOOKMARK / READ LATER

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in GLD, NUGT, SLV over the next 72 hours. I may also instead open a short term swing trade short if we do not proceed with sufficient upside the next 3 trading days. (More...)

    Today is the end of August's trading, and August proved to be a very good month for gold. The gold metals based GLD ETF has rallied from a current annual low on June 28th, exactly two month ago, of under $115 on an intraday basis, to an impressive comeback price above $135 at yesterday's close: a solid gain of over 20 points, or 17%. Analysts are now debating whether or not gold is overbought, and if it will reverse its price course again, and continue back into its two year slide to lower lows, or if instead it is headed towards a longer-term rally from here? The $135 price level is an important technical price target.

    In addition to these impressive two months of gains and today being the close of the month of August and the beginning of a long and popular weekend in the U.S., the weekend is also overshadowed by significant international concerns in the Middle East. Syria remains front page news, the oil market is up strongly on possible Western military intervention in Syrian and related supply concerns, much of the commodity complex is following, and trader's additional favor for gold in such an international atmosphere would historically seem apparent.

    Also in Southwest Asia, India's currency is again being hard hit this week, and gold further attractiveness in that country, already had a strong commercial appetite for gold, is further appreciating. The euro is sliding again late this week also, which could stimulate additional gold buying interest there, along with the Syrian issue. Many analysts in the U.S. are concerned with the potential of a September stock market sell-off here, which could also stimulate additional gold buying interest here if stock market weakness from August does continue into historically seasonally weaker September, and a sell-off in stocks even accelerates. And September is right around the corner from today.

    These fundamental reasons makes today an important day for gold. Especially regarding the question of whether or not it can hold onto prices at or above the $135 level on the GLD.

    I also believe there are additional important technical considerations, from an EchoVector Analysis Perspective, that add particular importance and significance to today's trading in gold, especially with respect to September's overall price outlook. I will highlight these considerations on the following chart of the GLD ETF.

    (Right click on image of chart to open image in new tab. Left click on the image opened in the new tab to further zoom EchoVector Analysis chart image illustrations and highlights.)

    GLD ETF 2-YEAR DAILY OHLC ECHOVECTOR ANALYSIS PERSPECTIVE


    (Click to enlarge)

    Looking at the above chart, we can see that on today's echo-back-date one year ago, Friday, August 31, 2012), gold prices surge forward. From that surge we see that a good follow-through occurred the week that followed further lifting gold prices an equally impressive amount. And in the next following week, we again had a surge that lifted prices again that amount to levels which proved to be close to our upward momentum top for the year. This new price level, achieved over these weeks last year, carried forward into last September's primary options expiration weekend. The period from Friday August 31st last year to two weeks later into the close of September expiration proved very important to gold prices, and that strong Friday at the end of August was key.

    Additionally, we can also see that yesterday we closed on the annual echovector (dotted white) that constitutes the same active echovectors (solid white) for our preceding options expirations in August and July. Yesterday would be the third step up on that active echovector shown on the chart. This annual echovector runs from the Monday after primary options expiration in July 2012 to July 2013 and again from August 2012 to August 2013 in gold's climb from its prior lows two to three months earlier each year.

    This annual echovector is very significant also for the fact that it has the same slope momentum as the two-year echovector running from the 2011 September top to this week's top on Tuesday. It is also significant that this echovector runs through this past Tuesday's weekly echo-back-date top last year, before trading moved into that Friday, and its price surge. This further indicates how this echovector contains a powerful and currently active price symmetry momentum echovector slope and that it is key to our present echovector analysis.

    If we do not get the upside echo price strength that occurred last year today, a relative downward pivot in the annual echovector with a significant slope momentum force difference will start to occur. This will begin to show itself quickly today, and could only become more enhanced the next two weeks if gold prices fail to further sufficiently, or if they begin to falter altogether. This pivot would put additional downside weight on gold prices going forward. Also see the significant failure in gold prices after September options expiration in both 2011 and 2012. Added weight from a pivot in the annual echovector going into the next two weeks would only further weaken what appears to be a relative weak period coming up on an echovector basis after September expiration regardless.

    If positive gold price action does occur today, and good price-lift and follow-through from it occurs the next two weeks into September's options expiration consistent with price levels gains that occurred each of the last two years, then gold bulls may become satisfied. The more positively sloped two-year aqua-blue echovector would then manifest itself forward further from its Monday, July 22, confirmation from the June 28th low. The gold market has been on a trajectory consistent with this $147.50 GLD ETF price target since its late June low, but I believe it has some heavy lifting to do the next two weeks in order to achieve this target. This certainly makes today (and the next two weeks it sets up) important in the gold market.

    Thanks for reading. And good luck in your gold investing and trading.

    BOOKMARK / READ LATER

    About this article

    Emailed to: 305,023 people who get Macro View daily.

    Tagged: Macro View, Gold & Precious Metals

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    Major Success In Silver And Gold Rally "Forecasting And Heads Up Alerts" By ProtectVEST And AdvanceVEST And "The Silver Price Pivots Newsletter" This Month. Precious Metals DayTrader And SwingTrader Charts, Alerts, And Analysis With Quicklinks. [Edit orDelete]0 comments

    Aug 23, 2013 11:54 PM | about stocks: AGOL, DUST, FSG, GDX, GDXJ,GGGG,GLDX, GLL, IAU, NUGT, SGOL, TBAR, UGL, RING, DBB, DBP, GLTR,PSAU, XME,AGQ, DBS, SIL, SLVP, SIVR, SLV, USLV, DSLV, ZSL, WITE,DGP, DGZ, DZZ,SPGH, UBG, UBM, USV, UGLD, DGLD

    This week's silver call and alerts, like last week's gold and silver call and alerts, issued by MDPP Precision Pivots, and the advanced management protocols of these calls by ProtectVEST and AdvanceVEST proved great successes.

    Links to published and globally syndicated informative context and set-up article's on these two calls can be viewed at SILVER INVESTORS WEEKLY and THE SILVER PRICE PIVOTS NEWSLETTER, or found here at Seeking Alpha. Supplemental posts with further timely analysis, charts, and position management protocols can also be found at these two sites, as well as at the MDPP Precision Pivots and the ProtectVEST and AdvanceVEST primary blog sites.

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