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2015.01.16 Gold Cycle Model Chart |
The gold cycle model continues to suggest higher gold prices going forward. I wanted to illustrate the use of a Z-score using the differences between the current chart and a previous iteration of the model from October, 2014 shown below
and also here in the blog. The high Z-score in the chart below, which passed "three sigma" implied a high probability of reversal, which indeed occurred. Given the reasonable performance of this commodity model, I will be providing an extension of the model to 2025 as I did with the XOI.X model.
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2014.10.31 Gold Cycle Model Chart |