|2014.02.13 Gold Cycle Chart|
The gold cycle model suggests gold prices are still heading towards a low in the March/April 2014 time frame. If the model continues to perform as it has in the past, the latest spike in prices should fall back down into the low, before resuming what should be a nice rise into the end of the year. Inquiring minds may want to ponder the discordant gold/silver cycle models for prices going forwards. Other than the obvious theory - that one of the models is wrong, I don't have a lot more to say about it. The results of the previous gold cycle model run are shown below.
|2014.01.29 Gold Cycle Chart|