Sunday, August 14, 2016

2016.08.14 Silver Cycle Model Chart

2016.08.12 Silver Cycle Model Chart

The silver cycle model suggests that silver prices are looking towards a minor correction over the next few months.  As with the gold price cycle model, the rightward phase shift seems to have ended, and the model, for now, is in the groove, which is a meta-technical term. Note the correct prediction of a reversal when the Z-score approached -2.5.  A previous iteration of the model is shown below and here on the blog.

2016.07.01 Silver Cycle Model Chart