Friday, June 5, 2015

2015.06.05 Gold Cycle Model Chart

2015.06.05 Gold Cycle Model Chart



















According to the model, the gold price is reaching a highly "oversold" level and there is increasing pressure for a rise in prices going into the Solstice and beyond. Readers are urged to study the long term gold cycle chart here to have an idea of how often the Z-score reaches above this level. 

Thursday, June 4, 2015

2015.06.04 Silver Cycle Model Chart

2015.06.04 Silver Cycle Model Chart



The silver cycle model suggests mild downward pressure on silver prices until the August 2015 time frame. A model run from early this year shows what to expect with extreme Z-scores. In March, 2015 a major divergence between the predictive curve and the actual price is seen, suggesting a very strong possibility of reversal, which subsequently occurred.  This is shown below and here on the blog.  And finally, a reminder that "all models are wrong, some are useful."



2015.02.23 Silver Cycle Model Chart