Loading ...Seasonal Prices Gains for Gold (+vs spx)
Edward Gofsky got me down this rabbit hole. Some of you already know about the seasonality effect on gold and silver prices… but I’m astounded by the insane similarity with golds season perf chart going back 40 years and it’s “regular” chart. I had to do a double look at time axis to really grasp those were monthly gains.
Check this out!
Anyways, looks like gold “usually” bottoms in June and rockets in July!
And look at this! Gold vs spx … looks great to get that ratio going upside again later in July.
check this chart out for election years for gold
https://seasonalcharts.com/zyklen_wahl_gold_election.html
last 45 years which means 45/4 since election years come once every 4 years or 11 year sample size
August looks like a bottom then!
if this plays out then a bottom right before the election in early november and a double bottom at end of december and then along came jones in the post election year…and if this plays out we’re going way, way up in gold come 2021
https://seasonalcharts.com/img/ELECTION-SPE/GC_W1.GIF
Good sleuthing Patrick
June has been flat like the chart. July, August, September look good.