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Gold Alert: Time To Double Down



  • “I have never seen this kind of volatility in the financial markets since 2008”.
  • The coronavirus uncovered the stench beneath the bandage that was put on the financial markets since 2008.
  • Of most concern is that we still don’t know how much damage has been done to the system.
  • We are jumping into NUGT, which is a triple X velocity investment.
  • Looking for a helping hand in the market? Members of Mean Reversion Trading get exclusive ideas and guidance to navigate any climate. Get started today »


We use the proprietary artificial intelligence of the Variable Changing Price Momentum Indicator (VC PMI) to analyze the markets based on supply and demand. It is a time of major moves in the markets.

“I have never seen this kind of volatility in the financial markets since 2008,” Equity Management Academy CEO Patrick MontesDeOca said.

He compared the recent market moves to the 1929 crash in terms of the collapse over the near term in terms of magnitude.

Gold is trading last at $1600.60 as I write this report. It is up $31.60. Gold collapsed from $1691 on the 24th as we heard rumors that the coronavirus was spreading quickly and had moved beyond China. This was all the equity markets needed to break the back of the 11-year bull market. The coronavirus uncovered the stench beneath the bandage that was put on the financial markets since 2008, particularly in relation to record debt in the US and globally. Now, this black swan has changed the entire complexion of the economic system.

Of most concern is that we still don’t know how much damage has been done to the system. Last week’s historic reaction in the equity markets and in the US dollar, traders are realizing that this is not a good development for companies with an interest in China or who depend on products from China. Whether the virus is spreading out of control is irrelevant to the reaction that the financial markets are experiencing based on the fear that the world may be heading for a deep recession.

E-Mini S&P

Last week, opened up what I believe is a great opportunity in the precious metals markets. In relation to the equity markets, we see this down move as the first move of a new bear market. The extent of this move

To learn more about how the VC PMI works and receive weekly reports on the E-mini, gold and silver, check out our Marketplace service, Mean Reversion Trading.

This article was written by

Equity Management Academy is a team led by CEO Patrick MontesDeOca, a seasoned trader with over 30 years of experience. The team uses a proprietary AI system to identify investment opportunities and provide weekly reports for day, swing and long-term trades with precise entry and exit points. They lead the investing group Mean Reversion Trading. The group features reports and alerts from the AI Variable Changing Price Momentum Indicator. Features include: Weekly reports with actionable entry/exit points, research for trading futures, options, ETFs, indices and stocks, Early Bird Reports keeping the group ahead of market opportunities, and chat to discuss ideas. Learn more.

Analyst’s Disclosure: I am/we are long NUGT. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (22)

Brian Cellars profile picture
Thanks for the thoughts. I hope you went long NUGT on Mar. 2, or better yet, the Friday before and then sold the following Friday when the bottom fell out. Another article long gold advised against buying leveraged miners and only going long gold. I'm not sure either is safe in the current environment so keep tight stops to lock in gains and minimize losses.
I know what "S&P" is, but what is "E-Mini S&P"?
Strike profile picture
My advice is absolutely free of charge. Buy gold (My very vociferous bullish call was on my Instablog two years ago, and repeated at regular intervals since), and watch it exceed $1900 this year and $5000 in 5 - 7 years' time. No subscription necessary.
LOL - I can't tell if this is sarcastic or not.
NUGT fell from low 40s to low 20s while gold rose.
Equity Management Academy profile picture

It was a great buy. High today was 32,71. We doubled our money in a couple of days.

askip3 profile picture
I respect your work and appreciate your contributions here at Seeking Alpha. With that said, please understand that I am not trying to criticize you by pointing out that in your previous article you stated

“if we get a close below $1,650 at the end of this month, it will activate the annual short trigger target from $1,650, with the annual mean of $1,417 as the target.”

Since we did indeed close the month below 1650, and also considering today’s aggressive price run up, do you still stand behind your call for an annual mean of 1417?

Thanks very much!
Equity Management Academy profile picture

The market activated an annual target of 1417, unless we close above 1650 and negates this signal. We came down to an extreme level of support below the mean to 1564 from 1691 in a couple of days. We took profits on the short trigger and bought long on Friday's close. Even though the annual triggered this short signal, it could be negated on a close above 1650 activating 1800. In the mean time we trade the extremes above or below the mean. Obviously, we are open to the monetary policies that could impact prices. The short term indicators got oversold Friday for this rally testing 1650. We are here!

Thanks for your comments.

Crypto Wealth Destruction profile picture
Bah I missed reading this on time. I've followed now xD. I was in UGLD expecting the same thing just missing 11% more potential gain from NUGT. Good call sir!
arthur_bishop1972 profile picture
Good move for those front running the Fed move, but idk about jumping in at $31.xx tho, but it's tempting.

Gold already went straight up and tagged 1650 or thereabouts. Sell signal activated??
Equity Management Academy profile picture

Yes and we covered the short signal for more than a $50oz profit.

arthur_bishop1972 profile picture
That's nice work, EMA-well done.
Nice one, but the report came too late! Gold has already rocketed
Equity Management Academy profile picture

Our marketplace subscribers got this info a week ahead.

Good call. We’ll all appreciate if you can put a release time on your free articles so that the small guys reading them won’t mistake them for current. Hopefully, no one sold on Friday after reading the bearish articles.
Equity Management Academy profile picture

My free articles are written primarily on Saturday's for the week subject to the editors of SA approval. Please feel free to join Marketplace for a fraction of the cost if you would like to be updated with our exclusive intelligence for our subscribers only.

Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!

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