Some Typical Lobagola (Cyclical Migration) Movements, from Victor Niederhoffer
As you can see, the principle of supply curves shifting outward and demand curves falling inward when price increases holds. Also there is an amazing symmetry between the year end and current prices with most of the highs occurring around the July 4 holiday or the beginning of spring. Once again, silver the omniscient market, was the first to migrate back to the Lobogolean start.