Saturday, January 17, 2015

2015.01.16 Gold Cycle Model Chart

2015.01.16 Gold Cycle Model Chart

















The gold cycle model continues to suggest higher gold prices going forward. I wanted to illustrate the use of a Z-score using the differences between the current chart and a previous iteration of the model from October, 2014 shown below and also here in the blog. The high Z-score in the chart below, which passed "three sigma" implied a high probability of reversal, which indeed occurred.  Given the reasonable performance of this commodity model, I will be providing an extension of the model to 2025 as I did with the XOI.X model.

2014.10.31 Gold Cycle Model Chart