|2016.12.02 Gold Cycle Model Chart|
This looks a bit like the XOI.X cycle model with its continued rightward phase shift. The predictive curve had a major inflection point in early November. Looking at the Z-score, the previous record high of 5.47 occurred on March 18, 1980. The current Z-score is 4.86. If the model is still valid, over the next four weeks the actual price should approach the predictive curve. Previous iterations of the model are found below on the blog.