This Week's EchoVector Pivot Point Chart and Analysis And Active Advanced Position Management OTAPS-PPS Approach
For The Gold Metals Market: 1/12/14
BY KEVIN JOHN BRADFORD WILBUR,
Chief Market Strategist And EchoVector Methodology Analyst
ADVANCEVEST AND PROTECTVEST BY MOTION DYNAMICS AND PRECISION PIVOTS
The dramatic decline in gold prices since the fall of 2012 has been big news. Fortunately, in November of 2012 I alerted the gold market to what then was a cyclically important week in gold. The two weeks of trading that followed proved to be of great interest to participants worldwide. The price of gold fell significantly, trading down from around $160 on the GLD ETF to a low just below $151, a fall of over 5.5%.
For The Gold Metals Market: 1/12/14
BY KEVIN JOHN BRADFORD WILBUR,
Chief Market Strategist And EchoVector Methodology Analyst
ADVANCEVEST AND PROTECTVEST BY MOTION DYNAMICS AND PRECISION PIVOTS
The dramatic decline in gold prices since the fall of 2012 has been big news. Fortunately, in November of 2012 I alerted the gold market to what then was a cyclically important week in gold. The two weeks of trading that followed proved to be of great interest to participants worldwide. The price of gold fell significantly, trading down from around $160 on the GLD ETF to a low just below $151, a fall of over 5.5%.
Then in late February of 2013, when gold was bouncing off a seeming near-term bottom, and many analyst where again filled with risk-on enthusiasm for the precious metal, I suggested that regardless of the price level at the time, a more prudent strategy likely was to enter gold closer to the end of June. See "Gold Chart: Price May Be Right, But Is Timing?"
In May of 2013 I also put out a third article on gold titled, "Gold Charts: Warning In February Still Valid Today". In this article I warned that last year's then seasonal down-pressure was still likely not over. The wisdom of February's article had become fully apparent, with gold prices down another 20%, and the GLD falling near $131. In May's article I reiterated the importance of waiting patiently for the end of June to find a positive risk-reward re-entry time-point for gold, based on advanced echovector analysis. Another final leg down was forecast in May. As things ended up, it would have been hard for me, and the echovector analytical approach, to have been more correct, with gold falling further in 2013 to a closing low on the GLD the week of June 27TH below $116.
As forecast, and warned, the first half of 2013 proved to be an historic sell-off in gold prices. My model had also indicated a strong seasonal buy signal at the end of June 2013 early on. And a bottom did come in on June 27TH, the week it was forecast-ed due, with notice of a possible bounce back to the $135 area into September, but with warning again going into the end of the year, which was also all published at my website, GOLDPIVOTS.com.
This 2013 forecast has unfolded right on target. In August I reiterated notice of the possible bounce back to the $135 area into September, but also reiterated warnings that the risk-reward ratio to any such risk-on positions would begin to increase dramatically the week of September's primary options on an annual echovector perspective basis. I also presented analysis to this effect.
On September 5TH of 2013, believing the better part of the season bounce was coming mature, I also published my article "Watch Out On Gold" alerting investors and trader's to specifics on how to interpret ensuing gold price motion mechanics, and when to exit the seasonal bounce using these, and when to reverse their short term longs back to shorts, and showed how nothing had changed regarding gold moving out of its "strong downward annual echovector momentum" that had been active into its low in the summer, and showed that these lows could easily be revisited before the year's end once again on an echovector analysis basis.
On December 19TH 2013 I issued my final reversal Alert for 2013, calling for a bounce in gold into mid-January. I believed such a short-term bounce should be positioned into on a trading basis. But also positioned into because of the possibility that gold might find longer term Presidential Cycle EchoVector support in 2014, and that this support might not necessarily materialize at lower absolute price levels.
As always, remaining nimble, alert, and using advanced OTAPS switching techniques (See OTAPS) would also be key to effective position management.
As always, remaining nimble, alert, and using advanced OTAPS switching techniques (See OTAPS) would also be key to effective position management.
A CURRENT LOOK AT THE CHARTS
The following chart updates my chart from both February and August 2013 on the GLD ETF illustrating how waiting until the end of June has been a very good annual risk-on risk-management strategy for gold since July 2009.The chart also indicates promise regarding a possible Presidential Cycle echo year in 2014 to its echobackyear of 2010 four years earlier, and how early February and late July/early August both proved to be significant inflection points in gold's price direction in 2010. The late July/early August inflection point also proved to be once again active and significant in 2012 within the subsumed and in phase Congressional Cycle within this Presidential Cycle. It has also continued to prove operant in each of the subsumed annual cycles within this Presidential Cycle as well.
(Right click on the image of the chart to open in new tab. Left click on the image opened in the new tab to further zoom EchoVector Analysis chart image illustrations and highlights.)
(Right click on the image of the chart to open in new tab. Left click on the image opened in the new tab to further zoom EchoVector Analysis chart image illustrations and highlights.)
The price of gold has started to shine again since The EchoVectorVEST MDPP Long Opportunity Alert the last week of December 2014 issued the week before Christmas. Many analyst are now asking if gold has seen its low for 2014 already, or if gold's downtrend the last two years will continue, and how positioning in gold should now be approached in light of this question. An updated echovector analysis of gold's price is particularly opportune this weekend in regard to answering this multi-faceted question involving (1) where may gold go from here in 2014, and (2) how we should 'position adjust' for gold's price path possibilities?
Those who have been following the echovector model alerts and positioning in a manner consistent with its Double-Double leverage formulaic approach of this past year are extremely happy with 2013 outcomes, and they are also presently double-double long gold since the week before Christmas 2013 at the GLD ETF $114.55 price equivalency basis, on a major ECHOVECTORVEST MDPP PRECISION PIVOTS OTAPS* Strategy And Position Management Alert basis. Or they are even more aggressively (and even more profitably) long using ECHOVECTORVEST advanced derivatives management strategies.
This is an important week in gold. So now may be a very good time to re-assess gold's near-term attractiveness and its eventual longer term potential standing within your portfolio. This week is particularly important for gold metals prices going forward into January's primary option expiration, and also going forward on into the three week's thereafter, from an EchoVector Analysis Perspective.
Last year, as well as the last several quarters, the period following this quarterly option's expiration cycle did little in forwarding gold metals price levels, and actually proved quite precarious to prices into the first week of the following month, and in some instances, moreso even beyond.
This is an important week in gold. So now may be a very good time to re-assess gold's near-term attractiveness and its eventual longer term potential standing within your portfolio. This week is particularly important for gold metals prices going forward into January's primary option expiration, and also going forward on into the three week's thereafter, from an EchoVector Analysis Perspective.
Last year, as well as the last several quarters, the period following this quarterly option's expiration cycle did little in forwarding gold metals price levels, and actually proved quite precarious to prices into the first week of the following month, and in some instances, moreso even beyond.
Because of this risk, the PROTECTVEST AND ADVANCEVEST BY ECHOVECTORVEST MDPP PRECISION PIVOTS forecast model is suggesting caution forward, and the application of advanced triggered OTAPS switching applications in current open position management. For context see the following chart. Corresponding analysis, strategy, and position management protocols are also discussed below.
(Right click on the image of the chart to open in new tab. Left click on the image opened in the new tab to further zoom EchoVector Analysis chart image illustrations and highlights.)
ECHOVECTORVEST MDPP PRECISION PIVOTS TRADER'S EDGE PRICE MAP AND GUIDECHART
GLD ETF GOLD METALS PROXY CHART
1-YEAR DAILY OHLC ANNUAL CYCLE ECHOVECTOR ANALYSIS AND PERSPECTIVE
WITH TRI-QUARTER (GREY), BI-QUARTERLY (YELLOW) AND QUARTERLY (WHITE) EXTRAPOLATION ECHOBACK ECHOVECTORS (DOTTED) PROJECTED FROM CURRENT ANNUAL COORDINATE FORECAST ECHOVECTOR R1 PIVOT POINT PRICE PROJECTION'S UPPER THRESHOLD OTAPS RESISTANCE ALSO HIGHLIGHTED AND INCLUDED
Note in the chart above the horizontal blue-purple extension vectors running about 2 months worth of trading days long from the light green oval areas in December of 2013 and December of 2012. The lower horizontal price level and time period following December of each year represents the currently active lower threshold OTAPS* price level target switch, and the upper horizontal price level represents the upper threshold OTAPS price level target switch. Price movement up through the upper threshold generates a double-double open long at that trigger price and time. Price Movement down through the upper threshold closes any open long positions and generates a double-double open short position at that price and time. Directional tick is very important here. Effective directional tick switching can also be accomplished by setting the effective open and/or close trigger prices one cent on either side of the initial base target trigger price threshold.
Additionally, movement down through the lower threshold OTAPS trigger switch closes any long positions that may otherwise be open, and generates a double-double open short position. Price movement up through the lower threshold switch will close any short position that may be open and generate a double-double long position open.
Double-double leverage positions can be accomplished by utilizing highly liquid ULTRA ETF's on margin; or, if simply day-trading, utilizing full day-trading buying power (DTBP)on base proxy securities and ETFs. Using DTBP, however, prevents holding positions in full overnight, potentially leaving significant application holes within serious position management and risk management approaches and applied paradigms.
Double-double leverage positions can be accomplished by utilizing highly liquid ULTRA ETF's on margin; or, if simply day-trading, utilizing full day-trading buying power (DTBP)on base proxy securities and ETFs. Using DTBP, however, prevents holding positions in full overnight, potentially leaving significant application holes within serious position management and risk management approaches and applied paradigms.
Trader's more nimble may also remain attuned to price action analysis updates as we move forward through this time period, and to additional opportunities available for more nimble traders and investors, and those more adept and privy to ongoing and more zoomed price-scope based analysis and smaller and shorter cycle waves and echovector aggregations and compilations and their scope-relative echovector pivot point projections.
Will the price of gold continue to shine, and gold break out above the $122.5 level on the GLD, and continue upward through the winter of 2014, and possibly beyond? Or will gold enthusiasm fizzle as prices reach Congressional Cycle price pressures, and begin to drop once again?
Fundamental arguments for both scenarios are replete in this months journalism on gold, and each have been presented by many analyst the last several weeks. However, with applied echovector analysis and with the utilization and coordinate of advanced OTAPS position management strategies, both the active investor and the seasoned trader are ready to take advantage of either opportunity as it unfolds. This is accomplished with the application of intelligent echovector pivot point projection based bias timing in conjunction with the application of related and advanced OTAPS position management techniques.
Thanks for reading. And good luck with your gold investing and trading.
PROTECTVEST AND ADVANCEVEST BY ECHOVECTORVEST MDPP PRECISION PIVOTS
"Positioning for change; staying ahead of the curve; we're keeping watch for you!"
*See "On-Off-Through Vector Target Application Price Switch"
*See "On-Off-Through Vector Target Application Price Switch"
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
ECHOVECTORVEST MDPP PRECISION PIVOTS TRADER'S EDGE PRICE MAP AND GUIDECHART
GTU ETF GOLD METALS 2-YEAR DAILY OHLC CONGRESSIONAL CYCLE ECHOVECTOR ANALYSIS AND PERSPECTIVE
WITH KEY CONGRESSIONAL CYCLE ECHOVECTOR (SOLID YELLOW)
AND KEY COORDINATE ANNUAL CYCLE ECHOVECTORS (SOLID RED)
AND KEY CORRESPONDING CONGRESSIONAL CYCLE COORDINATE FORECAST ECHOVECTORS S1 and R1 (DOTTED YELLOW) AND CORRESPONDING PIVOT POINT PRICE PROJECTION'S
AND COORDINATE ECHOBACKDATE EXTENSION VECTORS (BLUE-PURPLE)
HIGHLIGHTED AND ILLUSTRATED
ECHOVECTORVEST MDPP PRECISION PIVOTS TRADER'S EDGE PRICE MAP AND GUIDECHART
GLD ETF GOLD METALS PROXY CHART
4-YEAR DAILY OHLC PRESIDENTIAL CYCLE ECHOVECTOR ANALYSIS AND PERSPECTIVE
WITH KEY CONGRESSIONAL CYCLE ECHOVECTORS (SOLID YELLOW AND SOLID AQUA-BLUE)
AND KEY ANNUAL CYCLE ECHOVECTORS (SHORT SOLID RED AND SHORT SOLID PINK)
AND KEY PRESIDENTIAL CYCLE COORDINATE PIVOT POINT CLUSTER EXTENSION VECTORS (BLUE-PURPLE)
AND KEY ANNUAL CYCLE COORDINATE FLEX POINT EXTENSION VECTORS (GREEN)
AND KEY ANNUAL CYCLE COORDINATE FLEX POINT EXTENSION VECTORS (GREEN)
HIGHLIGHTED AND ILLUSTRATED
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