Econocasts

Sunday, September 29, 2013

2013.09.27 DJIA Cycle Chart




















While the historical cycles discovered by the structural model suggest that the DJIA should be on its way down, market reality has intervened. Rather than scrap the model at this point, inasmuch as it continues to converge, I present it because I still have some lingering belief that historical business cycles, while they may be delayed by the extraordinary steps taken by the Federal Reserve bank, will at some point reassert themselves.

Monday, September 23, 2013

2013.09.20 Gold Cycle Chart


















The gold cycle model suggests that gold prices will remain range bound between $1300 and $1400 through March/April 2014.

Sunday, September 22, 2013

2013.09.20 Silver Cycle Chart



















The silver cycle model prediction suggests that the recent spike in silver prices is evanescent, as the price target for the end of 2013 is about 1600.