carbon junkie

Still think we are going higher first

Gosh its so quiet everywhere with Gold, unloved ignored. Its a contrarians dream!!

Its not that big a change really we forecast $1200 sometime ago but it just got there too quickly (can't win them all). Being flexible and non dogmatic is part of forecasting realising that things are moving differently to your forecast is part of the process. We forecast an orderly decline it didn't happen so now Gold just needs to push down a bit more in to oversold territory £1200 and change right now and then the bounce up will be bigger. T'is the nature of energy!! Plus we are now incorporating our new six monthly forecast so the weekly is now a multiple time frame forecast. In addition we have incorporated a second algorithm in to the monthly forecast, due to the time constraints it is not possible to do on a weekly basis. In essence the more data you add and the more patterns you can incorporate the more difficult to do but hopefully the more accurate it becomes. Hopefully as I mentioned before this is very early days there is so much more we want to do and will do when time permits.