|2015.10.02 Gold Cycle Model Chart|
The gold cycle model continues to suggest a rise in price, however, several of the longer term decadal cycles continue to extend within their error parameters. However, the Z-score is also extending into 5 sigma territory, so if a reversal does not occur in the next few weeks, the usefulness of the model can be seriously questioned. The model provides an example of what happens when cycles extend within their error parameters. The model run from 2015.05.15 is shown below and here on the blog.
|2015.05.12 Gold Cycle Model Chart|