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clock Created with Sketch. 21/04/16
11:54
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Originally posted by binwood
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That very chart shows why people feel gold is a good proposition this year. We are 85% of the way through golds 2 worst months on a seasonality basis. If gold follows this chart for the rest of the year it is obviously going higher. Gold has broken down well before the end of April over the last few years but is holding strong this year. Investment demand has been much improved on previous year as well. Gold doesn't need to go to the moon. There are producers making good money at these levels and because of the fact gold has performed poorly for the last 4 years as the haters like to point out, gold stocks were beaten far further down than gold was. Therefore they have a lot further to come back up. Leverage. For all the bravado of the gold bears a lot of people on here have made serious profits over the last few months, and the smart ones will bank that if fundamentals change.
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This time of year is usually not the best for Gold and the next couple of months is usually fairly neutral. That is why I am not expecting much from the gold price over our Winter time. Just happy if Gold can trade in a fairly tight range.
