Staring into the Abyss

Posted by Bob Loukas
On October 8, 2018
bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver

If we were unbiased, I would say odds favor the dominant (down) trend and that rounded bottoms are not common in gold. On the flip side, I'm still bullish enough for a breakout, because the COT report tells me we cannot support 3 more Daily Cycles lower in this Week 7 Investor Cycle. That breakout however needs to occur now, there is no room to support yet another new low.

Final Gold Setup

Posted by Bob Loukas
On September 30, 2018
bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver

This is gold's final setup and chance to stage a new major rally. After clearly showing a new Investor Cycle, this young Cycle has to show positive momentum or again fall to another 20 week declining Cycle.

Into Fall

Posted by Bob Loukas
On September 24, 2018
bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver

The equity markets continue to march forward without a care in the world. Yes we are still well due now for a Cycle Top, but you will not see me trying to step in and trade such a possibility. And to be long this market now without a position is just asking for trouble.

Trouble Again

Posted by Bob Loukas
On September 17, 2018
bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver

This has been concerning price action of late because I expected gold to be ripping higher by this point. Such a prolonged and sustained IC selloff over 17 weeks I thought would have generated a pretty sharp and sizable rally by this point.

When

Posted by Bob Loukas
On September 9, 2018
bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver

Weekly report via video.

RIP Bears

Posted by Bob Loukas
On September 1, 2018
bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver

Very impressive run continues with no known overhead resistance. I am not sure when the DC and IC top will occur, but both are in the timing band now for a top as all the Cycles begin to age. With a lot of momentum still pushing it higher, of course we know that these markets can run for longer than we expect or have seen in the past.

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