Entries by Bob Loukas

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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Dow 20,000 is Irrelevant

January 11, 2017 in /by

I’m very bullish on the S&P in the short term because sentiment is very high and we’ve seen this pause of late lead to a tightening of the Bollinger bands. Such consolidations, especially in a market that has become so speculative, has the potential to provide a significant amount of fuel behind a move.

Midweek Cycles Update – Jan 11th

January 11, 2017 in /by

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Cruise Control

January 8, 2017 in /by

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Midweek Cycles Update – Jan 4th

January 4, 2017 in /by

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Ready for Some Fireworks

December 30, 2016 in /by

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Midweek Cycle’s Update – Dec 21st

December 22, 2016 in /by

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Not a Gold Bull in Sight

December 20, 2016 in /by

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!+

Don’t Believe the Hype

December 17, 2016 in /by

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