Entries by Bob Loukas

Gold Sector Shining in a New Cycle

I just cannot emphasize how much I like the silver chart, to me it looks ready to pop in what could be a 20% rally in as little as 4 weeks.  We know silver is capable of such moves and I see the current coiling action being extremely similar to the move which occurred over the summer of 2012 (see chart below).  We have a good pickup in speculative buying (COT) while the underlying technical strength of this Cycle looks great.  The Cycle count is very favorable and we have what looks to be a massive double bottom triangle breakout coming!
1-18 Silver Weekly

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