Brad Zigler

The Season for Gold? Not Yet

You've not read the article. NO assertion was made about SE Asian demand this spring.

The seasonal demand was postulated for AUTUMN.


On Jun 05 11:51 AM Screwloose wrote:

> Brad
>
> So it was SE Asian demand that fuelled this spring's highs - was
> it? The bullion jewellery buyers over there are very price sensitive,
> have volatile FX issues and are importing very little this year.
>
>
> Safe-haven investment is the sole driver of the market now.
>
> The historic seasonal demand trends are thus absent and invalid;
> insane money-printing and the concomitant currency risk makes this
> year a complete one-off.
>
> One failed Treasury auction and absolutely anything could happen.

The Season for Gold? Not Yet

To your question, "Nope". Gold's seasonality stretches back two decades, fueled also by fabrication demand for end-of-year holiday purchases.

While seasonal tendencies are not guarantors of price movements, neither can their automatic gainsay be relied upon as justification for undertaking an allocation risk. "Absent" and "invalid" are terms denoting absolutes.

There's no room for nuance?

The Season for Gold? Not Yet

Keep the name of this Web site in mind: It's "Seeking ALPHA," not "Seeking Beta."