gold at high again good for heg, page-5

Take a look at what was posted almost 3 months ago.
Look at how far HEG has come since then.

With Gold predominantly doing well in September
historically and the fact that the gold price has risen 16 out of 20 Septembers since 1989, we could well be heading into another high (see Frank Holmes)

The gold price has risen in 16 of the 20 Septembers since 1989, by far the best success ratio of any month of the year.

The Daily Reckoning Presents: We're heading into September this week, so it's a good time to revisit the historic seasonality of gold and gold stocks. Frank Holmes explains, below...

History Lesson: September Is Best Month for Gold
by Frank Holmes

Over the past four decades, September has been the best time for gold in terms of its month-over-month price appreciation. You can see this on the chart below - in a typical year, the price of gold in September rises 2.5 percent above its August price.

The gold price has risen in 16 of the 20 Septembers since 1989, by far the best success ratio of any month of the year.

Key drivers include :

The post-monsoon wedding season in India and Deepavali (Festival of Lights), India's most important and auspicious festivals;
In the US, jewellery makers restock gold in advance for the Christmas shopping sprees
Ramadan in the Muslim world ends in late September and is followed by great celebration and gift-giving;
In China, National Day celebrations last for a week starting October 1 and leading into the Chinese New Year in early 2010. To Chinese, gold symbolises great luck and fortune.

HEG will benefit from all these.
Have another view of the video and the links I have pasted before and form your own view !