Seasonality
Seasonality is about probabilities, not absolutes. That is why, if one just mechanically trades based on a seasonal pattern, without confirmation from the chart and technicals, one is just as likely to be wrong as right. I like to be cognizant of strong seasonal patterns but don’t blindly adhere to them. The reason for this post addressing the subject, is because of a seasonal pattern in gold and specifically, Silver, that I became aware of through observation, confirmed by what others have written about it. I have personally found that the two tend to drift lower most Novembers, until Thanksgiving. What I didn’t realize until reading yesterday’s edition of “The Gold Update”, is that silver has been down for the last EIGHT Novembers. So while it is something to both consider and factor in, I don’t believe we are going to make it nine. We may start down early this week and may even drift or correct into the Thanksgiving Holiday, but by the last two trading days of Monday & Tues. to end the month, Silver should be up and quite possibly up a lot!.