Being Gold bug's lots of fun - we've got the bad guys on the run. The autumn season does behoove - For price of gold to make its move.
Al Abelson, he was a fool. He sold his gold and broke the rule. He sold his gold, what do you know At price that was the very low.
Above we have the monthly basis price of gold (www.timingcharts.com) for the past 10 years. For the past 10 years, there has been a pronounced advance through the autumn, usually into the winter and sometimes lasting until May. Gold usually hits a bottom in July and then makes a secondary test in August. Then in late August it starts to rally and after Labor Day begins a steady advance. The up move in early August is unusual and is probably a hint that this year's autumn rally will be stronger than usual. by Howard K.