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Unless I'm much mistaken, you'll have an opportunity twice or three times this year to see for yourself that parabolic markets behave in exactly the manner I described. In silver, almost certainly. Probably in gold. If our idiotic and feckless gov't keep screwing up, there'll be a similar situtation in one or another of the energy mkts. Sugar is a possibility, too.

FWIW, I've made a particular study of this type of market. If you have access to historical prices, you can check out the behaviour of parabolic mkts for yourself. If you haven't, you can get such access at Time & Timing. Take the free 30-day trial; you'll be astonished at what you'll learn (and at how screwy the pundits commenting on commodity prices are).

Just by the by, I'll be writing an article for (probably) Active Trader magazine on exactly this topic, trading at the end of parabolic markets, perhaps in the next week or two. The next issue (May) of Option Trader magazine will contain (feature? I hope(g!)) an article of mine on non-seasonal trading which you might perhaps find of interest.

Good trading to you!