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| 2014.10.31 Gold Cycle Model Chart |
The gold cycle model is predicting a very high probability of a turn to the upside in the next few weeks, based on the outlier Z-score greater than 3 "sigma.". If the reversal does occur, then gold prices should quickly rise to well above 1400 by the end of the year. A previous iteration of the model is shown below and here on the blog.
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| 2014.10.03 Gold Cycle Model Chart |
6 comments:
Thank you!
Regards Philipp.
Hi Paolo,
Thanks again for your Silver and Gold chart.
The latest market data had new low for gold and before that, silver.
Perhaps you can offer your algorithm would climb gold forward.
Thanks again for your contribution which I follow very closely and eagerly.
Rgds,
Matthew
Hi Paolo,
Thanks again for your silver and gold chart update.
Would you kindly explain how the recent new low for gold would climb forward as per your algorithm in your chart?
Thank you and best regards.
Matthew
The gold algorithm would have been correct if inverted. Flip it and it will follow that path down instead of up.
Hi,
Nice chart, but I am wondering whether the chart takes into account gross manipulation by the various banks....or would we expect to see the chart slowly adjusting to take account of the recent poor performance and manipulation?
Many thanks.
Maybe right after all, today was a much needed up day?
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