Saturday, May 5, 2012

2012.05.04 Weekly DJIA $ Gold $ Silver $ Oil

The long term cycle model for the DJIA continues to underestimate the price of the time series, but the short term cycle model seems to be working reasonably well.  For my comments on the long term model for the DJIA please refer to previous posts. The increase in VIX suggests that maybe, just maybe we might be heading for a major correction in the equity markets.

The other three models are performing well. The short term silver cycle model suggests a small rise in silver prices next week, followed by a resumption of the decline.

Enjoy the very large Full Moon this evening, along with the eta Aquarid meteor shower, and have a great weekend!

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Rajeev Bharol said...

Your gold model is going as expected!

Paolo said...

Thanks Rajeev. I wish I had some objective predictions from other analysts to compare and contrast these results. However, the gold model does seem to be performing much better than my nemesis - the DJIA!