Tag: gold seasonality

Seasonality Is Supporting Gold In The Weeks Ahead

Seasonality Is Supporting Gold In The Weeks Ahead

The chart shows the seasonal pattern for gold. Notice that gold gained an average of 2.1% in January and is up 55% of the time. February was also a positive month, but March has been a very negative month for bullion.

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Gold Is Entering Its Seasonally Strongest Period Of The Year

Gold Is Entering Its Seasonally Strongest Period Of The Year

So when the fundamentally-driven tailwinds of the strong autumn seasonals combine with heavy buying of the GLD gold ETF by American stock traders and gold futures by American futures speculators, we are likely looking at one exceptional autumn gold rally! It won’t be smooth, it won’t climb in a nice straight line, and there will be sharp setbacks. But on balance gold is perfectly poised for a major new upleg.

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