Mining The Market Price Motion Of Gold And Silver: GLD ETF Proxy Instrument: The Current EchoVector Pivot Point Analysis Forecast And Trade Opportunity Scenario Setup And Strategy For August 2014 Week 32: Gold And Silver Metals Market Watch

This week is a particularly important week in the gold and silver metals markets on a technical echovector pivot point price analysis basis.  Gold and silver metals prices have been basing this year after significant price declines last year from their lofty 2ND-half year 2011 and 2012 prices.  Many gold and silver bulls are hoping this year's relative price action is setting the stage for a return to the trend of year-over-year price gains, and are looking positively towards this month as what is historically the beginning of 2ND-half year seasonal price strength to support their aspirations for stronger gold and silver prices forward.

This week also marks the anniversary of a very prescient set of article's I wrote on this subject in the summer of 2013.  In these articles I focused on a cyclical price momentum echovector pivot point price projection framecharts from an EchoVector Price Analysis Perspective reviewing them for the possible occurrences of annual price symmetries that might be forming, and these formation's potential trading implications forward.  This year the gold and silver metals markets are setting up once again for an important August month, and this coming week's coming price action appears in focus as particularly significant.

The following GLD ETF EchoVector Pivot Point Price Analysis FramechartS reveal very interesting recent price action. They highlight how the annual time cycle price momentum echovector recently pivoted clockwise, from positive to negative slope rate directional momentum (the longer solid white line compared to the longer solid red line that begin later and is highlighted in this chart).  However, they also note how this past Friday's "closing price annual cycle price momentum echovector (AEV)" is pivoting counter-clockwise back again from these previously "clockwise pivoting" momentum echovector slope rates, at the margin.  This can be seen in the next solid white annual echovector that follows the previous two annual cycle echovectors mentioned, also reading along time from left to right.  

The approaching week's echovector pivot point strength does not end with the annual echovector either.  EchoVector Pivot Point Strength in the bi-quarterly cycle echovector (2QEV), the annual cycle echovector (AEV), the 2-year congressional cycle echovector (CCEV), and the 4-year presidential cycle echovector (PCEV) all converge.   This could be considered quite technically positive for the potential for price lift forward.  

The shorter quarterly cycle echovector (QEV), however, provides little support to lift, and the monthly cycle echovector (MEV) actually countervails lift.  So stops are particularly warranted among venturing long side risk-on position potential pursuers..

How the longer term time cycle echovector pivot point price projection strengths play out against the relative weakness in the shorter term cycle echovectors, particularly right after key monthly options expiration, will be very interesting in its impact on the formation of price momentum levels and subsequent price echovector weights and tracks for the second half of this year, and well into next year too.

One way to accomplish this would be to set up an active and adjustable OTAPS-PPS position polarity switch and straddle to manage your gold or silver metals market exposure to any potential changes in the price level momentum with regard to your targets and forward outlook. Setting straddles at momentum echovector switch level prices is an effective and opportune measure and advanced trade and position management strategy.

One way to employ such a straddle would be to utilize the GLD and/or related ETFs or Ultras.  By setting up an advanced trade technology (see "On-Off-Through Vector Target Price Switch") at, for example, $124.50 on the GLD, with appropriate dynamic triggers and stops included, such a straddle can be employed.

To perform the short side of the straddle, set a short trigger below this example target price switch level ($124.50 on the GLD) pre-programmed as a "repeating short trigger switch" at the trigger level on reverse down-tick action through the trigger price, with stops set to activate on reverse uptick up-through action.

To perform the long side of the straddle, set a long trigger above the target price switch level ($124.50 on the GLD)) pre-programmed as a "repeating long trigger switch" at the trigger level on reverse uptick action through the trigger, with stops set to activate on reverse down-tick down-through action.

This coming week may be a very good time to employ this market straddle and this more advanced trade technology switch and active position management methodology, especially when reviewing the current echovector analysis framecharts of the gold metals market. 

Thanks for reading. And Godspeed in your gold and silver metals market investing.