Gold Midweek Update – Video Post

Posted by Bob Loukas
On May 23, 2018
Cycles, Dollar, GDX, Gold, miners, Silver

Here is a video post on what I'm seeing in gold right now.

On the Verge

Posted by Bob Loukas
On May 20, 2018
bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver

Fortunately we're further along now and that always provides for a higher Cycle Low probability. At week 23, gold is poised perfectly in the timing band for a Cycle Low. Technically too our indicators have dipped enough where past cycle lows normally occur. Therefore, as the Daily Cycle has potentially one more drop I would like to see a reversal by Thursday to leave behind a white hammer candle.

Testing Patience

Posted by Bob Loukas
On May 12, 2018
bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver

The open question here is whether gold could have formed a slightly early week 20 Cycle Low. To the naked eye, gold has not consolidated or sold off enough to form an ICL. But on the flip side, I strongly believe that something really positive is brewing in the precious metals markets. I can feel the bullish consolidation on the tape and believe wholeheartedly that we're on the verge of a big upside breakout in gold.

Turning the Bend

Posted by Bob Loukas
On May 6, 2018
Cycles, Dollar, GDX, Gold, miners, Silver

Which brings us to the Weekly chart, where months back I said to look out for an ICL in late April. Clearly we're at that point right here, which highlights that we are in the early timing bands for a possible new Investor Cycle. For that reason, it would be prudent to take some long positions here on the turn in the event we are looking at a 1st Daily Cycle.

Watching and Waiting

Posted by Bob Loukas
On April 29, 2018
Cycles, Dollar, GDX, Gold, miners, Silver

We're starting to see a bear flag develop on the weekly chart with the S&P hanging off the 26-week moving average. The S&P will need to get going higher now, or run the risk of the bears taking control and a new bear market trend becoming dominant.

A Turning of the Tide

Posted by Bob Loukas
On April 22, 2018
Cycles, Dollar, GDX, Gold, miners, Silver

The key area is where the markets meet the down-trending line, as a bear market would likely keep the S&P contained below this line and reject all advances on it. It's far from an exact science, but it is one line that market participants are closely watching.

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