Hey Baba. I do recall penning some thoughts (not Gold model related) in recent months postulating on possible paths that PMs and PM equities could take in these manic type markets. One train of thought was in the context of how Sinclair thought things would play out according to his master thesis as confidence is lost in Banks and Sovereign nations. The other was my independent analysis of how PMs performed during the last major stock market correction (first leg down in late July / early August), and extrapolated how they would perform during the next down dip. As expected the PMs did dip in sympathy with general equities but I expected Silver would have held up better than it did. Oh well. Another valuable lesson learned. The market has only partly embraced Silver as a safe haven refuge. On the flipside increased volatility does create more potentially profitable trading opportunities in all things based on our fav white metal!

At any rate, I'll double-check my notes again later this afternoon but based on my earlier assessments the EGM Gold model does indeed project a turn to the upside late next week. It's been very accurate so far this year in terms of identifying the turn dates but do keep in mind it is subject to a variation of plus or minus 2 days. Lately positive cycles tend to be explosive right out of the gate so this might be the way it plays out again. It will be interesting to see how/if the Cartel manages to handle such a raging bull with Options expiry looming so closely following the turn date.

Also note that I do combine the EGM Gold Model with TA of individual stocks to position myself accordingly, in and out of shares, and there is no personal biases whatsoever in terms of identifying turn dates. It is what it is - a pure and simple calculation based on the rhythm of an unseen master hand. Lastly the EGM model applies to Gold only so this is why sympathetic moves in it's Silver cousin can lag the POG. However due to it's tight correlation to Silver, the model can be used as a proxy.