GDX Weekly Time Frame
Gold Seasonality Chart Shows November as Strongest Month -
In statistics, many time series exhibit cyclic variation known
For precious metals investors, understanding seasonality
can help to determine when to buy and sell at
optimal price points.
Analysts often mention gold’s seasonality and refer to the
“Summer doldrums” as a buying opportunity and
the Winter months as the high season.
To verify gold’s seasonality and identify opportunities
to profit from the trends,
The Winter months remain the strongest seasonal period for
Gold, particularly November through February.
The Summer months tend to be the weakest seasonal period for
Gold producers, with the month of June showing the only
May and September are anomalies, when the gold price tends
to advance strongly during these months, but not in the
immediate month before or after -
Here is the chart in bar format as some prefer…
And lastly, a chart with the 1.5% average
monthly gain indexed at 100…
Heading into the weeks of November, the charts suggest
that investors can expect the gold price to advance sharply
this month and continue higher through February of next year.
This is partly due to gold dowries for marriages in India, as
this period is considered a
lucky time of the year to get married -
Of course, these data points are averages are there are always
variations and outliers.
Nevertheless, this is an important tool that investors may
find beneficial in deciding the best time
to buy more gold stocks -
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31763894&l=0&r=0&s=ME&t=LIST#iWoMSaGFdLVhJhPP.99