|2014.10.31 Gold Cycle Model Chart|
The gold cycle model is predicting a very high probability of a turn to the upside in the next few weeks, based on the outlier Z-score greater than 3 "sigma.". If the reversal does occur, then gold prices should quickly rise to well above 1400 by the end of the year. A previous iteration of the model is shown below and here on the blog.
|2014.10.03 Gold Cycle Model Chart|