SUGO - May, is seasonally "Strong" for Gold >
Time To Pick Up Gold Deals
The sentiment is close to an all time low for the mining shares, but profitability is up significantly.
We have also seen an increase in mergers and acquisitions, which may be an early indicator that things are about to turn around.
The time to buy is when everyone is selling, and this summer might just be the time to step in and pick up some bargain deals.
The chart shows the average seasonal strength of gold since the beginning of the bull market in year 2000.
The chart below shows the seasonal strength of the gold bugs index (HUI).
http://seekingalpha.com/article/543551-summer-doldrums-might-be-the-time-to-pick-up-gold-deals?source=yahoo
Time To Pick Up Gold Deals
The sentiment is close to an all time low for the mining shares, but profitability is up significantly.
We have also seen an increase in mergers and acquisitions, which may be an early indicator that things are about to turn around.
The time to buy is when everyone is selling, and this summer might just be the time to step in and pick up some bargain deals.
The chart shows the average seasonal strength of gold since the beginning of the bull market in year 2000.
The chart below shows the seasonal strength of the gold bugs index (HUI).
http://seekingalpha.com/article/543551-summer-doldrums-might-be-the-time-to-pick-up-gold-deals?source=yahoo
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