2013.05.03 Gold Cycle Charts

At the request of a friend, here is the latest and greatest set of gold cycle charts. I am happy with the performance of this model, and it is predicting a double bottom for gold. There are slight price/turn date changes from the previous iteration. The $1375 price bottom should be taken with a grain of salt, though the standard error suggests $1375 +/- $250.   I have more confidence in the turn dates. When is Spring coming to the Northern Hemisphere is what I'd like to know! Have a great weekend.

2013.04.19 XOI.X Oil Index

The oil index cycle model is performing well. I suspect that there are weather-related cycles involved in the continuing rise.

2013.04.19 DJIA Cycle Charts

I think there is increasing evidence of a  global economic slowdown and the DJIA cycle model is reflecting this in terms of historical cycles. The Fed has indeed managed to extend the credit cycle by at least two years, but its asset buying QE seems to be having less of an effect on the currently modeled cycle.