2013.05.06 Silver Cycle Charts

Here are the updated charts for silver. The model continues to perform well, and suggests continued downward pressure on silver prices. A brief note to the gold and silver people that continue to post or e-mail me weird notions on how commodity markets run.  I'm not sure why gold and silver are the only two markets that attract this behavior; I have some theories but they are better left unsaid.  You may have noticed the blog is moderated, so you waste your time writing the post, and my time putting it in the spam bin. That is probably enough said for now.

If you have gotten this far, I'll make a note that market volatility is predicted to increase beginning this week in both short term and long-term models. You can download the long term model for VXX here.

2013.05.03 Gold Cycle Charts

At the request of a friend, here is the latest and greatest set of gold cycle charts. I am happy with the performance of this model, and it is predicting a double bottom for gold. There are slight price/turn date changes from the previous iteration. The $1375 price bottom should be taken with a grain of salt, though the standard error suggests $1375 +/- $250.   I have more confidence in the turn dates. When is Spring coming to the Northern Hemisphere is what I'd like to know! Have a great weekend.