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04/09/22
09:26
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Originally posted by Calvo:
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Perhaps - if gold starts rising then people will buy gold stocks and want to be in the quality end of town. Whether your view is that NCM is that type of quality is something only you can answer. I really try not to overanalyse things - seasonally gold has large declines and finds lows around here unfortunately I don't have an exact date when that low will be nor do I know how potent the rally will be if we have a rally. All I know is that every year I add gold stocks into the portfolio between August and October. To me that's gold buying season before anyone else begins to get on board. Just need patience and let it play out I suppose.
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for what it's worth. here is a seasonality chart based on perfomance over the last 30 years. this should be a good month for gold if the USD stops rising.