Econocasts

Friday, December 23, 2011

2011.12.23 Weekly Short Term DJIA $ Gold $ Silver




















Index / Actual / Predicted / Z-score

DJIA / 12294.00 / 11314.90 / -1.63
Gold / 1607.50 / 1512.43 / -2.62
Silver / 2922 / 2882 / -0.37

I have advanced the charts to start mid-2011 and end mid-2013. The prediction curves or "attractors" have a steep negative slope going forward.  If the models are correct, I would expect continued downward pressure on both precious metal and equity prices.

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