|2014.10.03 Gold Cycle Model and Z-score|
The gold cycle model, which has performed well in the past, continues to suggest a strong upward pressure in price since the model is past its turning point. The gap between the model prediction and the actual price continues to widen, as noted by the rising Z-score. It would be very unusual if the divergence was to exceed 2.5 on the Z-score without a reversal. A previous model is shown below and here.
|2014.09.05 Gold Cycle Model and Z-score|