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| Gold Cycle Model 2014.05.30 |
The gold cycle model suggests the low point for gold is past, and prices should continue to increase over the next year. An iteration of the gold cycle model from 2014.03.20 is presented below and here.
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| Gold Cycle Model 2014.03.20 |
3 comments:
hey there...
So..gold progressing higher? Hmm, I find that difficult to believe....yet.
Another year..of chop...if not downside to test the big the $1000 threshold.
We do have a seasonal low coming up though.
That's indeed what the rickety cycle model predicts at this point. The silver lining is that it should become obvious in the next few weeks if the model holds, or not, given we are moving away from a predicted turning point.
This sucker can turn back partially after a nice move up today but hoping for a uptrend now.
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