Do a Grouch a Favour Tuesday, page-5

Martis, imho caution is warranted here. At exactly this time last year there were a lot of "geniuses" around the joint who had made a packet on gold and were getting set for the big break north. I posted this seasonal chart which I am apt to do from time to time. We see here that gold has, on average, an annual double peak. One around November and the second around about now. On average it is all down hill until Augustish. Of course this is just a statistical average and anything can happen and posters reminded me of that this time last year.......but ultimately gold followed this path. Below are two charts. The first is the long term statistical average for gold and the second is gold over the last 12 months which shows that it did follow the statistical average....more or less. Personally I would be a bit nervous holding goldies right now given the recent heart warming rally and the even more recent pullback in POG