In the Buy Zone, page-38

This is an addendum to Jack's post about market cycles, and gold price cycles.

2013-2018, gold in US $ exhibited two yearly minima; a deep one around the year-end holidays, and a smaller one during the (northern hemisphere) summer.

Dates of the gold price minima were:
2013 6-28 12-23
2014 6-3 11-5
2015 7-31 12-18
2016 5-31 12-22
2017 7-10 12-13
2018 7-2

The pattern disappeared, during the big 2018-19 price surge. It's possible that the pattern is re-establishing itself.

Why the pattern happens is an open question. The paranoid in me wants to say it is the big banks wanting to flush out the longs, and run the stops, a couple times a year. But I have no proof that that theory; the only thing that's factual is that the pattern happened.

I'm taking a close look at NCM, so neutral sentiment at this time.