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
Certainly looks like it wants to rally
someone asked me about gold
ReplyDeleteI 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.
ReplyDeleteHTH
not sure the dollar has bottomed, has 3 waves up from the bottom. might need one more shake out move.
ReplyDeletecementzak