Entries by Bob Loukas

Gold Is Ready to Perform

June 14, 2016 in /by

A solid bid returned to the Gold sector this past week as the market saw a solid Gold Rally. And the GLD ETF alone added more than 15 tons of Gold. The precious metals Miners, which had fallen 10% from their recent Cycle highs, rallied to recover all of their losses, and to print new 2016 highs.

Considering that the Dollar also moved sharply higher last week (and continued to start the week) out of its own Cycle Low, the action in the Gold market is surprisingly bullish. If Gold were destined to decline for one more Daily Cycle into an Investor Cycle Low (ICL), I would have expected a rising Dollar to be the catalyst to send it lower.

All Fired Up

June 12, 2016 in /by

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Market Update – June 8th

June 8, 2016 in /by

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Deep Enough

June 4, 2016 in /by

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Return to Conformity

May 30, 2016 in /by

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Midweek Market Update – May 25th

May 26, 2016 in /by

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The King Shall Decide

May 21, 2016 in /by

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Midweek Cycles Update – May 18th

May 18, 2016 in /by

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Possible $200 Gold Rally

May 17, 2016 in /by

Despite my being positioned for upside, there are still reasons to be skeptical of Gold’s immediate prospects. Chief among them is the lack of a clear ICL when one was due. If Gold were to lose the 20-day moving average or the 10-week moving average, the near term bullish case would be negated and I would brace for a more traditional IC price decline.

The lack of an IC price decline is a primary reason that I see the potential for a $200 rally. And the presence of a (bullish) pennant consolidation, followed by a new high, provides fuel and a target for a move higher. All of that said, seeing the upside scenario is exciting, and we can’t be so blinded that we forget that it is only one of several possible outcomes.

Let the Show Begin

May 14, 2016 in /by

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