Remember, July and August are historically low seasonality periods for gold prices. They are often the best times of the year to stock up on cheaper gold. September typically sees gold prices begin to pick up. This seasonal run up, on average, then runs out of upward steam in early February. Gold prices, obviously, don't always follow their historical pattern, but they often do. IMHO the secular gold bull has a long way up to go. For a detailed analysis of this see www.zealllc.com/2008/p....
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Remember, July and August are historically low seasonality periods for gold prices. They are often the best times of the year to stock up on cheaper gold. September typically sees gold prices begin to pick up. This seasonal run up, on average, then runs out of upward steam in early February. Gold prices, obviously, don't always follow their historical pattern, but they often do. IMHO the secular gold bull has a long way up to go. For a detailed analysis of this see www.zealllc.com/2008/p....
Aug 05 06:55 am
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