..........Big Spikes Tend To Occur At Cycle Highs

and the more important the cycle high the bigger the spike tends to be. In the face of a very bearish NEM Lead Indicator at -4.36% vs the XAU two weeks ago, the gold Commercial Traders shorting over 11,000 futures/options contracts two weeks ago, and 1-18's 2% monthly cycle sell signal, how could one trade long overnight/multi-day merely based on 1-26's massive $23 Billion in Repos? I guess I might have done a day trade long on 1-26 if Fed Credit wasn't such a new indicator for me, but that's about it. As a gold/silver stock trader, risk has been very high in recent days, both for trading long and short.