The above chart was produced in January 2013 originally and updates given on Timeandcycles.com on 2/21/13.
We listed a crash cycle to commence at any point post 3/15/13. The pivot dates normally are presumed to have no predictive powers when it comes to direction of PRICE. But based on past pivot’s I attempt to outline the direction of PRICE as well.
Looking at this, GOLD has declined into 4/14/13 (today, Sunday) – I am inclined to think that GOLD will rise from here into 4/30 through 5/8 period.
Obviously, these CIT’s have no polarity predicting power and one should observe the behavior of a DAILY wave into a CIT (not an hourly wave on that particular day). Given this, I see GOLD bottoming in May-June 2013, double bottom in July 2013 and head towards 2011 Highs for a retest.
Will the shine gone out of GOLD and so much discussion on blogosphere on GOLD, I just wanted to add my 2 cents.
And following are the short-term cycles that were published on Timeandcycles.com. The model saw reaching 1535 before the week is out and in general a down trending week into Friday CLOSE.