Gold Forecast Model

Summary:

Would you like to know next month's gold price, today? This gold forecasting model has a positive and strong correlation with the actual monthly gold price. You can rest assured that your forecasted prices will be close to the actual price. Forecasted prices may skew above or below the actual price.

How It Works:

1) Input forecasted CPI, US 10 Year Treasury Note Real Yield, US M2, GLD Volume, Dollar Futures & Bitcoin Price values under their respective headers (highlighted in green).

• To get an idea of what values you may want to input, click the hyperlinked CPI, US 10 Year Treasury Note Real Yield, US M2, GLD Volume, Dollar Futures, Bitcoin Price headers. 

2) After you input all of your values, the Gold Forecast section (highlighted in yellow), will update with the forecasted gold price.

Tip:

• I like to make assumptions based on what I think the independent values (CPI, US 10 Year Treasury Note Real Yield, US M2, GLD Volume, Dollar Futures, Bitcoin Price) may be in the future. Once I make those assumptions, I will input them into this model and receive the forecasted gold price.

Model Bias To Consider:

This model is subject to time period bias, as it is based on historical monthly data, beginning on October, 2014.