Not sure guys if the 'seasonality' of gold is going to replicate...

Not sure guys if the 'seasonality' of gold is going to replicate itself again as one would expect.

This time round the USD is tanking and not because there is an increased appetite for risk. I suspect that the USD it set for a fall along with the market, leaving on precious metals as the true safehaven left.

Should gold bull from here on the back of a falling USD and market in general I aslo suspect gold equities are going to stay firm or rise with the POG. However, pick your gold equities carefully - only those with near term or are producers are going to follow gold.

In terms of buying gold bullion - well the prognosis of a rising POG in USD and falling USD/AUD exchange rate might mean that buying in August is a feasible option. Don't know??? Wait and see.

Just my contrarian thoughts as we head into some more uncertain times.

GC