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| 2017.03.03 Gold Cycle Model Chart |
The gold cycle model continues to predict higher prices for the metal, however, there is still some right phase shift of the predictive curve, which has also projected a decrease in the magnitude of the price going forwards. Meanwhile, the GDXJ medium term model has shifted into sell mode on 2017.02.27, however, the medium term model for GLD is still on buy. This is consistent with a long base formation we see in the gold price over the past year. A previous iteration of the model is shown below and here on the blog.
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| 2017.02.03 Gold Cycle Model Chart |
