GOLD : SEASONALLY STRONG FROM AUGUST TO OCTOBER

Interesting chart on the seasonal behavior of gold from 1976-present.

From Chart of the Day

GOLD : SEASONALLY STRONG FROM AUGUST TO OCTOBER

While the stock market is down significantly from its October 2007 peak,
gold is up

nearly 30%.

For much of this year, however, gold has been treading water in a relatively
choppy

manner. Today’s chart, which illustrates the annual cycle in gold, suggests
that this

choppiness is not out of character for gold.

Looking forward, however, gold has tended to put in its strongest gains from
early

August to early October. – (NB: -and from mid/end November to January)

Advertisements



    Leave a Reply

    Fill in your details below or click an icon to log in:

    WordPress.com Logo

    You are commenting using your WordPress.com account. Log Out / Change )

    Twitter picture

    You are commenting using your Twitter account. Log Out / Change )

    Facebook photo

    You are commenting using your Facebook account. Log Out / Change )

    Google+ photo

    You are commenting using your Google+ account. Log Out / Change )

    Connecting to %s



%d bloggers like this: