February 6, 2018
We continue to believe that gold is in the saucering stage of its eight-year cycle. The fireworks on the upside are likely a few years away, so you want to be patient, buying dips when available.
The normal action coming out of the last such six cycle bottoms was an interim high in the 55th to 64th week (58th as of January 26th). A optimum buying opportunity for bullion and the miners occurred when gold dropped to the 20-day moving average band (now $1269) and generated an oversold weekly CCI(8) of -100.
Having broken the lows of the last two weeks we could be on the way to such a correction.
Opinions in this report are solely those of the author. The information herein was obtained from various sources; however, we do not guarantee its accuracy or completeness. This research report is prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objectives, financial situation, and the needs regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized.
Investors should note that income from such securities, if any, may fluctuate and that each security’s price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities or options or futures contracts. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related investment mentioned in this report. In addition, investors in securities such as ADRs, whose values are influenced by the currency of the underlying security, effectively assume currency risk. Moreover, from time to time, members of the Institutional Advisors team may be long or short positions discussed in our publications