|2017.09.06 Gold Cycle Model Chart|
The gold cycle model, much like the silver cycle model, may have stopped its rightward phase shift and is now suggesting higher prices for the metal going forward to the end of the year. The large difference between the model prediction and actual price suggests strong upward pressure on price with a very low probability of a pullback below ~$1200. A previous run of the model is shown below and here on the blog.
|2017.07.21 Gold Cycle Model Chart|