2017.05.26 Silver Cycle Model Chart

2017.05.26 Silver Cycle Model Chart

The silver cycle model is performing well, as can be seen from the previous iteration below and on the blog. A Spring peak in price was anticipated.  If the model is correct, we should see a temporary low in the August/September time frame.  As expected, the turning points are better predicted than the magnitude at the turning points, something to keep in mind when interpreting these cyclical models.

2017.03.31 Silver Cycle Model Chart

2017.05.26 Gold Cycle Model Chart

2017.05.26 Gold Cycle Model Chart

The predictive model continues its shift to the right.  However, the large divergence in the predictive curve to the upside, as metered by the high Z-score, strongly suggests that prices should not fall significantly going forwards. Previous iterations of this cycle model can be found n the blog below.

2017.05.12 XOI.X Cycle Model Chart

2017.05.12 XOI.X Cycle Model Chart

The model may still be useful, even as the predictive curve continues to shift to the right but suggesting that much  lower prices are not likely in the medium term.The USO medium term model continues to point down, which points to a longer basing process before the any significant rise in price.