#Gold's Probably Close to a Major Cycle High

#Gold's Probably Close to a Major Cycle High, for the Major Upcycle/Cyclical Bull Market since October 2008's $681 Major Cycle Low, see the second Weekly View chart at http://stockcharts.com/charts/gallery.html?s=$gold, and, note the Elliott Wave 12345 up down up down up pattern since October 2008's $681 Major Cycle Low.

Fundamentally, a gold Major Cycle High makes sense, because, the inflating game (and the effectiveness of further actions) by the powers that be is pretty much over. Any additional stimulus, debt buying/Quantitative Easing, etc won't inflate much if at all, because, it has to exceed the previous stimulus and debt buying in order to create growth.

For example, $100 billion of stimulus in year one must be followed by $200 billion in year two, $300 billion in year three, etc in order to provide an annual $100 billion delta/change worth of growth in stimulus.