Start Your Engines...

My Gold Trader strategy has been quiet for a couple of months now but that is about to change. Gold moves in daily cycles (DC's), typically lasting 25-30 trading days and there are usually 4 or 5 daily cycles in a medium-term investor cycle (IC). IC's generally run 6 months long, though they can run a little shorter (July-December 2017) or a little longer (December 2016-July 2017). Today, gold is approaching the end of a DC and potentially, also the end of its current IC. The current DC should end this week. We could have one more DC in this IC or a new IC is about to begin.

 
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Investor cycle lows (ICL's) are usually accompanied by heavy selling in the gold market. As the cycle ends, the last remaining holders are flushed out, clearing the way for a new cycle to begin. However, during bull markets, ICL's do not have to be aggressively sold. We are approaching a time now where gold should be seeking out a low, this week, and if its the start of a new IC, strong gains lie directly ahead. If gold tops early and fails to rally, then the ICL will likely be postponed to early June and we will close out this trade early and fire up the engines again in a month's time. The second half of 2018 should be a lucrative time for precious metals investors.

At Secure Investments, I advise individual clients on their pension and non-pension fund investment portfolios. To learn more about my Active Asset Allocator and Gold Trader investment strategies, please get in touch at brian@secureinvestments.ie or 086 821 5911.

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