Gold Seasonality
Whilst Gold/Silver/GDX/GDXJ/HUI are all building out bullish wedge type patterns that hit the edge of the ‘bowl’ basing pattern in the next few weeks- here’s another piece of the jigsaw.
What would’ve happened over the last 5 years if you’d bought gold in December ? Take into consideration that tis is a period when gold has been somewhat ‘subdued’. Certainly not the heady days of the 2000-2011 bull run. Well, here’s what would’ve happened…
Put this together with the historically high Gold/Silver ratio and bullish looking correction patterns taking place right now, and 2020 is looking very good.
Awesome observation Northstar! Pieces of the puzzle fitting nicely..
Yes, December has been a great time to buy miners. Hopefully this December wont disappoint!
The average gain in GDXJ purchased in December in the last 5 years has been over 60%:
https://twitter.com/stebottaioli/status/1197161456757809157