Ready for Some Fireworks
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Bob Loukas is the founder of The Financial Tap. With over 20 years of experience in market analysis and trading, Bob is a life-long student of economics and has an abiding passion for the financial markets.
He is a leading expert in Market Cycles. His love of Cycles emerged from the study of the work of Walter Bressert, a pioneer in the field.
Originally from Sydney, Australia, Bob has been settled in New York City for the past 16 years. His background is in Computer Sciences, with extensive experience in the Financial Software arena. Prior to launching The Financial Tap, Bob served as a senior executive at various Fortune 50 firms where he led development of financial trading and reporting software.
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But remember – the tail-end of any Cycle can be extremely dangerous. Too many traders fear missing the early part of the next rally and are burned by the declines that come with a final washout decline. The last week of any Cycle is typically the most volatile, and provides the largest price change, so I’d urge extreme caution with Gold.
That said, we covered the possibility of a final flush lower last week, and that’s what has come to pass. While we can never rule out further declines, I believe that the end of the coming week will see Gold moving higher in a new Investor Cycle!+
This content is for members only
This content is for members only
This content is for members only
This content is for members only
This content is for members only
This content is for members only
This content is for members only