|2017.02.03 Gold Cycle Model Chart|
The gold cycle model continues to predict higher prices for the metal going forwards. The end of 2016 may have seen an inflection point if the model is valid. Both the GDXJ and GLD medium-term trade models are aligned, as they have been in buy mode since the end of 2016, which lends additional support to the hypothesis. You can go to the medium term model out page on the link above or by clicking here. The medium-term models are updated on Fridays, and I will post any changes that occur on the weekend. The previous gold cycle model is shown below and here on the blog.
|2017.01.06 Gold Cycle Model Chart|