$Gold Monthly 21-month Cycle

I adjusted the 21-month cycle in gold prices to reflect exactly where I think gold derivatives start and end, or are rolled over after 21-months.

Not the most prominent rises or declines that are auspicious, but the actual starting and end points of each phase. You can see where upwards ‘skew’, ‘volatility smile’ and ‘downwards skew’ start and end, and perhaps combinations of both, where one is rolled into the other, are the template used to corner the financial interest in the sector.

Prices have been manipulated upwards as much as downwards.

Derivatives contracts always start with a rally in prices. Note during the downwards 'skew' that started just prior to the crash, yearly rallies in gold prices precede yearly downwards skew. This might mean a gold price rally is needed for the downwards skew yearly rollover, part of a bigger skew since 2012.

My guess is that the downwards skew since 2012 'takes over' for the 'volatility smile' started July 2010, and handed off to the massive downwards skew, chopped into yearly segments for rollover.

Not for nothing will there be an FOMC announcement regarding interest rates at an auspicious year-end. Presumed that there will be a rally.

http://schrts.co/vEFs7s

-F6