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.