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jarekjac
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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.

    Themes: gold, seasonal patterns Stocks: GLD
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