jarekjac's  Instablog

Send Message
My investing is driven by self-performed technical analysis, mainly of indexes, market sectors, commodities and currencies, trying to identify primary trend and points of trend changes.
My blog:
Orderly Bull Companion Blog
  • Summer's Gold 0 comments
    May 21, 2014 12:04 AM | about stocks: GLD

    The Memorial Day is upon us and with that the official kick-off to the Summer season. For those who wonder where the "precious" is going this Summer, let's look at the seasonal patterns for this time of the year. Gold has a tendency to repeat seasonal patterns with an uncanny regularity. It tends to bottom in June/July and stage a decent rally into September. That's the good news. The bad news is that May is usually a weak month for the metal, and the current consolidation is likely to resolve downwards. To illustrate that I've got two charts to show.

    The top chart is the summer 2012 the bottom 2014.

    (click to enlarge)Gold Summer 2012

    (click to enlarge)Gold Summer 2014

    Admittedly, I allowed myself for some free-hand drawing on the second picture just to make the clear point.

    Stocks: GLD
Back To jarekjac's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.