Kabuto Takaki Akira "Weekly Gold Market Outlook" January 5, 2023 issue Kabuto Takaki "Weekly Gold Market Outlook"

Tsukuba Investment Daily Press Co., Ltd. President and CEO and a master of cycle analysis, Takashi Kabutaki, writes a weekly report on the outlook for the gold market.

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At year-end, the gold market period closed at 1,826.2 dollars. On a year basis, the opening price on January 3 was 1,830.1 dollars, and it ended down by 3.9 dollars. The high was 2,078.8 dollars on March 8, slightly surpassing the then all-time high of 2,078 dollars reached in August 2020. This article regards the year’s high as the top of the current eight-yearcycle. Therefore, in the long cycle, it is concluded that gold will continue to decline until the eight-year cycle forms a bottom. The low was 1,613 on September 28, and on a yearly chart, it can be said to have ended as a long-legged doji.

Reflecting on the current eight-year cycle, the starting low of 1,045.4 on December 3, 2015, marks the origin. This low was reached in the seventh year and two months from the previous eight-year cycle’s low of 681.0 on October 24, 2008, and is somewhat shortened.

The current eight-year cycle began in January 2023 as the seventh year and one month. The “orb” (allowable range) for the eight-year cycle is ±16 months, but in practice, since August 1976 when gold was around $100, it has been 8 years 6 months (102 months) – 8 years 1 month (97 months) – 7 years 9 months (93 months) – 7 years 8 months (92 months) – 7 years 2 months (86 months), with an average of 94 months. The orb is ±8 months, ranging from 86 to 102 months.

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【Takashi Kabutaki — Profile】

Graduated from Kwansei Gakuin University, Faculty of Economics. In 1995, partnered with globally renowned American market analyst Raymond Merriman to issue the first domestic market cycle and astrology report. Known for analysis that leverages cycles and astrology. President and CEO of Investment Daily Press Co., Ltd.; President and CEO of Investment Daily Publishing Co., Ltd.; Director of Wakabayashi FX Associates Co.; member of the Japan Technical Analysts Association; Editor-in-chief of Investment Daily α.

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