Gold in Them Thar Hills

The Gold Futures contracts are looking a wee-bit spiky.

Cyclical theorist postulate that concentric cycles coalesce to create spikes at reinforced 'nests of lows' for most securities.

However, upon some further reading, I've found that they speculate that COMMODITIES are different. That instead of spiking lows and rounded tops (like other securities) that they would form spiked TOPS and more rounded bottoms.

The speculation is that the shorter and longer cycle period line up on the PEAKS rather than the cycle LOWS and work as such.

If this is true, and there are cyclical influences in the commodities (and in particular gold) market that would mean that we would see spike highs...

Interestingly, spiky highs are the hallmark of a 'parabolic blowoff' usually (in other securities) and mark local (at least) if not long term topping patterns in a security -- which might explain the number of incorrect "the top is in" in gold, oil, corn, wheat, silver -- well, you name it, but primarily the metals markets.

With this revelation in hand...I'm going to need to redo my analysis of Gold. Some cycle traders think we are nearing a top....I see it as not in place yet....So, I'm going to attempt a reanalysis with the cycle peaks reinforcing.

Stance: Mildly Bullish since this weekend at 1532, currently trading i vicinity of 1540.