Monday, September 28, 2009

More on gold seasonality

Here is another chart with 35 years of seaonality data (chart) at Kevins Market blog (link).

By time the short term low for gold projects into late October, even early November. By price, it is maybe $20 lower from current levels. Interesting. The 50 day moving average may also provide support, about $20 lower from here.

Stock market has a big rally to celebrate Yom Kippur. I have a notion to take a shot at the short side, but it is only a notion.

Flat-no positions

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