Major Cycle Low Upcoming in Gold

by Tom McClellan
Financial Sense

There is a major cycle low looming for gold prices. Ideally, it should arrive as a price low in late 2016. But based on history, it could arrive anytime between August 2016 and March 2017, and still fit within the normal tolerance.

Defining a normal tolerance for gold’s 8-year cycle is a pretty iffy proposition. We have only 5 prior examples to go by, and while they cover a period of over 40 years, anyone who ever studied statistics knows that n<30 is problematic. If you want to wait until n=30 before believing in this cycle, then you only have to wait until the year 2215. Continue Reading at…