Midweek Update – Feb 6th
- Posted by Bob Loukas
- On February 6, 2019
Midweek Update on Feb 6th 2018 for Gold, Crude Oil, and the Equity markets.
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Rule #3 – Stop Losses
- Posted by Bob Loukas
- On February 5, 2019
- Education, Risk Mangement, Top 10 Rules
This content is for members only
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Telling
- Posted by Bob Loukas
- On February 3, 2019
- bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver
Facts remain that gold is overbought and overextended on the weekly chart, by a mile. Now on Week 25, we've only seen 2 Investor Cycles over the past 20 years go longer than this before topping out. This is also the highest RSI(14) weekly level since the bull market top. All of this is good news from a cyclical standpoint, but probably bad news for the immediate term as an IC top is on the horizon.
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Gold Market (Video) Update – Jan 29th
- Posted by Bob Loukas
- On January 29, 2019
- Cycles, GDX, Gold, miners, Silver
Considering Gold's solid move above $1,310 I wanted to give you a mid-week Gold update video.
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Refusing to Quit
- Posted by Bob Loukas
- On January 27, 2019
- bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver
By "a larger degree move", I'm indicating a possible Investor Cycle to follow this one that might surprise significantly to the upside. But before that point, we are just too late into the Cycle to be looking for any substantial moves higher. As I noted last week, the top was not confirmed and we now have at least a bullish Week 23 high at a minimum with the likelihood we will see a new high for the coming week.
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Gold Cracking
- Posted by Bob Loukas
- On January 20, 2019
- bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver
Still have to remain cautious on the bearish scenario, even if the Cycle count is as perfect as you will see. The Weekly Gold chart shows barely a dent at this point, illustrating that the top is not confirmed or anywhere near. What we do have is a very likely 4th Daily Cycle Top, which in theory will spend another solid week moving lower. By next weekend, that should print a solid red candle and move gold closer towards a rising 10-week moving average.
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