Why Gold Should Set New Highs for the Holidays

By Jeff Clark, BIG GOLD

Most gold followers know the metal has a seasonal tendency to perform better in the fall and winter than in the spring and summer. Indeed, since 2001, the annual high for the gold price has occurred after Labor Day every year except two (2006 and 2008). Further, that peak was hit in November or December in seven of the last ten years.

So, are we destined for new highs in the gold price between now and New Year’s Eve? And what about gold stocks?

Perhaps one way to answer the first question is to determine if gold has been following its seasonal price trends so far this year. If it has, we might have a reasonable expectation of higher prices ahead. Let’s take a look…

The following chart shows the average monthly performance of the gold price from 2000 to present, along with its returns so far this year.

Click below to continue reading:

via Why Gold Should Set New Highs for the Holidays – Casey Research.

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