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“Some analysts talk about seasonality in gold prices, but this does not make sense because of a very important factor. Gold prices have a dominant 13-1/2 month cycle, not an annual cycle, and so looking at annual seasonality does not make for reliable projections.” https://www.mcoscillator.com/learning_center/weekly_chart/gold_starting_new_13-1_2_month_cycle/
I don’t think the cycle is as important as the 10yr rate. Gold (IMO) is acting very well considering how much rates have gone up. When we see gold rising along with rates, then I believe gold will really start exploding upwards.
Good point!
Be cautious, by mid October I expect Silver to have a 21 handle, minimum.
That’s what makes markets. By that timeframe I expect silver to reach 30.
Both metals are acting very well considering the spike in rates!