Saturday, June 1, 2013

2013.05.31 Silver Cycle Chart


















It's a good cycle  model and it shows continued downward pressure on silver prices. if it continues, the effect would be to elevate the gold:silver ratio to extremes, but then again, given the extreme asset buys of the US FRB, ECB and BOJ, these are extreme times!

2013.05.31 XOI.X Oil Index


















The Amex Oil Index model continues to perform well, as can be seen from its previous iterations. Note I have changed the axis limits for better resolution.

2013.05.31 Gold Cycle Chart




















According to the gold cycle model, we are approaching a turning point at the end of this month.  If you refer to the longer term cycle charts, this may represent the first bottom of the "double-bottom" expected.  I am interested to see how the gold:silver ratio goes in the next few months, inasmuch as there is a lot of divergence between the two models at this point, at least for the short-term.