Friday, September 30, 2011
The actual price of gold by the London Gold AM Fix is now lower than the predictor (the purple line). If you are not familiar how these charts are generated and how they might be interpreted, please check How the forecast is made and Interpreting the charts.
Sunday, September 25, 2011
I have not had time to perform formal backtesting of this cycle model. Also, since the time series data goes back to 1983, possible longer cycles cannot be determined.