Entries by Bob Loukas

The Final Gold Chapter

November 16, 2015 in /by

But because the timing and evidence support another significant move lower, I believe that any rally will be very short lived. The new Daily Cycle rally should be just enough to clear oversold technical levels and allow the Bollinger Bands to expand to accommodate the next big decline.

For those asking whether the current decline could be a short, 16 week ICL, I just don’t see it. A perfect double bottom forming with the July low would wrap a nice bow around the bear market, but the evidence doesn’t support it. It is not impossible by any stretch, but it is very unlikely.

Don’t Trust Gold Here

November 4, 2015 in /by

It’s important to remember that by week 15 of a Gold Investor Cycle, the odds of a continuation rally have typically really diminished. Now that Gold has closed below the 10 week moving average, and with a bear market in force, the only valid outlook is to expect Gold to go into a tailspin and to ultimately collapse into the next ICL. We should see one more attempt to rally, but there should be no second chances for Gold from this point forward.