2018.04.20 Silver Cycle Model Chart

2018.04.20 Silver Cycle Model Chart

The model continues to suggest that the local maximum was reached in late January, 2018, and lower prices are highly probable between now and August, 2018.

2018.02.16 Gold Cycle Model Chart

2018.02.16 Gold Cycle Model Chart

The right phase shift continues, but gold prices remained above $1300 as suggested by the previous model run.  Notice though that the magnitude has shifted lower compared to the previous model iteration.  I also just updated the medium term model output page, and GDXJ is again in buy mode.

2018.01.19 XOI.X Cycle Model Chart

2018.01.19 XOI.X Cycle Model Chart

The cycle model for XOI.X suggests that the basing process over the past year may be ending, and there is strong pressure for an increase in the index values moving into Spring of 2018. One of the stronger cycles that appears in this model is ~11.6 years, which coincides with the solar cycle length, and sky watchers are aware that we are entering a solar minimum.  Of course, correlation does not prove causation, and the model can be wrong.  However, I find it pretty interesting!  My USO medium Term AI model also continues to suggest higher prices as well. The previous output of the cycle model is shown below and here on the blog.

2017.12.22 XOI.X Cycle Model Chart