Recent volatility in the equities market has driven safe-haven demand for gold -
DJIA off more than 200 points -
U.S. yields tumbled as hopes for a 2015 rate hike further eroded.
The 30-year yield hit a record low of 2.396%.
The 10-year broke below the 1.86% low from last October, reaching 1.784%;
a level last seen in May of 2013. http://www.nbcnews.com/watch/cnbc/gold-regaining-safe-haven-status-pro-384344643922
Seasonality Is Supporting Gold In The Weeks Ahead -
Gold Silver Worlds | January 13, 2015 |
Tags: gold prices, gold seasonality
The chart below shows the seasonal pattern for gold.
Notice that gold gained an average of 2.1% in January and
is up 55% of the time.
February was also a positive month -
- me as a hobo -
its not late -
its just to make sure the train going in
the right direction before jump on it - ~<smile)