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From the comments made in past month, the last mid-term low for Gold came from our 72 and 310-day cycles - which were forecast to bottom around mid-to-late October of 2022, with the actual low coming in early-November. From there, the cycles were forecast to push higher into mid-January of this year, which we are obviously now into - and with that are looking for the next smaller-degree peak to form.
The next peak of significance for Gold is due to come from our 72-day wave, with the upward phase of this cycle having been projected higher into January:
From my 12/18/22 article: "While Gold could see some additional weakness in the short-term - as the downward phase of these 10 and 20-day cycles plays itself out - the ideal path is looking for the decline to remain above the 1733.80 prior swing low from back in November. If correct, a push back to higher highs would be expected to play out into early-January, 2023 - before peaking our larger 72-day cycle."
Back in mid-December, 2022, Gold was in a sideways-to-down correction with the short-term (10 and 20-day) cycles, a move which was favored to end up as countertrend -…
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Definition: Price floor is a situation when the price charged is more than or less than the equilibrium price determined by market forces of demand and supply. By observation, it has been found that lower price floors are ineffective. Price floor has been found to be of great importance in the labour-wage market.
Description: Minimum wage laws have been passed in various countries to determine the minimum wages to be paid to the worker. Minimum wages are formulated from the demand-supply curve of labour. This helps the government ensure higher wages and a good standard of living for the workers. But this has a flip side too. Price floor leads to a lesser number of workers than in case of equilibrium wage. This is shown by the diagram below.
Equilibrium wage rate is Rs. 3. The price floor is determined at Rs.4, which is good for workers, who will earn more than before. But the flip side is that while at equilibrium there were 30 workers, after the price floor there are only 20 workers. Thus 10 workers have been laid off. At a wage of Rs. 4 we see a gap of 20 workers (40 workers are willing to…