Given the rally in gold prices since the first of 2016, this is a brave forecast.
The model is based on trend and hundreds of cycles identified in the historic data. Obviously since curves are fitted to the historic data, there will always be a close match between the model and the past; the model is based on the past up to and including the most recent actual data. Even if this doesn't work out as bearish, I find it hard to believe that there is more upside to gold for the near future.
Submitted March 08, 2016 at 03:03AM by floydsayshi http://ift.tt/1X9KSf2
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