GOLD PRICE AND THE CHAOTIC GROWTH MODEL
GOLD PRICE AND THE CHAOTIC GROWTH MODEL

Author(s): Vesna Jablanović
Subject(s): Economy, Supranational / Global Economy, Financial Markets
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Gold price; Stability; Elliot waves; Chaos.
Summary/Abstract: The basic aims of this paper are: firstly, to create the simple chaotic gold price growth model that is capable of generating stable equilibria, cycles, or chaos; secondly, to analyze the local stability of gold price in the period 2001-2015; and thirdly, to discover the equilibrium gold price with Elliott wave logic in the observed period. This paper confirms the existence of the stable convergent fluctuations of the gold price in the observed period. Also, the golden ratio can be used to define the equilibrium gold price in the presented chaotic model.

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