Friday, September 05, 2014 11:09:49 AM
September 5, 2014, 10:51 AM ET
Here’s the flip side to the well-documented bear paradise that September is for stocks: This is historically a fantastic stretch for gold.
And it couldn’t get here soon enough for an investment that’s down almost double-digits in the past year.
“September is historically gold’s best-performing month of the year, returning 2.16% on average since 1969,” said Frank Holmes, chief investment officer of US Global Investors.
He says some of this has to do with consumers. Demand rises in India ahead of Diwali (Oct. 23 this year) and the wedding season, while retailers elsewhere restock ahead of Christmas and all the gold-giving that happened at the end of Ramadan.
And then there’s that stock market. A bad month for riskier assets can be a good one for gold.
– Shawn Langlois
I am as good at picking stocks as Jerry Jones is at picking football players.
We both seem to always back the losers.
So listen to anything I say with that in mind :-)
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