Entries by Bob Loukas

Where are the Gold Traders?

February 6, 2017 in /by

I am rather surprised to read across the blogosphere how a majority of traders appear to discount and undermine the current gold market. I can appreciate that the longer term cyclical outlook remains unresolved, but in the short-term at least, I believe the gold sector looks to be in great shape.

My view comes with the hindsight of the Cycle count. From what I can see, we recently completely a clear 1st Daily Cycle Low and have already moved higher to new IC highs. Historically, with the second Daily Cycle just getting going, we are now in the most bullish portion of a 26 week Cycle. That means the performance over the next 3-4 week normally shows the best return of the entire Investor Cycle period.

Double Whipsaw

February 5, 2017 in /by

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Midweek Cycles Update- Feb 1st

February 2, 2017 in /by

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An Important Level

January 29, 2017 in /by

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Midweek Cycles Update- Jan 26th

January 26, 2017 in /by

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A Chameleon Market

January 22, 2017 in /by

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Midweek Cycles Update- Jan 18th

January 18, 2017 in /by

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Trade Strategy – Trade Alert

January 18, 2017 in /by

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Returning Gold Bulls

January 17, 2017 in /by

The last point might end up being more important than we think. Looking at this week’s commitment of trader’s report (COT), I’ve noticed that speculative Long and Short positions have barely turned off their recent extremes. Meaning that this $90 first DC move really has not come off the back of a shift in speculative positions. This is precisely why you do not see any large spikes in volume or price on any of the given 20 days of the Cycle. Therefore, from what I can tell, a larger degree rally lies potentially ahead for this Investor Cycle, setting the scene for an impressive 2nd Daily Cycle to come.

When the gold Cycle first turned higher almost a month ago, I said that we could expect a $100 rally over the first 20 sessions. As it stands today, the Cycle has hit day 20 and rallied $90+ off the Cycle Low. It is at a point where we should check our short-term expectations going forward.

The Folly of Markets

January 15, 2017 in /by

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