Market Timing
someone asked me about goldI dont trade it, but do follow itSeasonal trend has been UP since August or earlier this yearIT takes a break in late Oct to mid Nov, then heads back up to End of Jan, early FebJay
Jay - one of the reason Gold goes up in Aug/Sep is because India & Mid-East weddings seasons. It's a custom that the bride gets the gift of Gold. Gold will start heading down late Fall into the start/mid Spring.HTH
not sure the dollar has bottomed, has 3 waves up from the bottom. might need one more shake out move.cementzak
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Certainly looks like it wants to rally
3 comments:
someone asked me about gold
I dont trade it, but do follow it
Seasonal trend has been UP since August or earlier this year
IT takes a break in late Oct to mid Nov, then heads back up to End of Jan, early Feb
Jay
Jay - one of the reason Gold goes up in Aug/Sep is because India & Mid-East weddings seasons. It's a custom that the bride gets the gift of Gold. Gold will start heading down late Fall into the start/mid Spring.
HTH
not sure the dollar has bottomed, has 3 waves up from the bottom. might need one more shake out move.
cementzak
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