Wednesday, October 14, 2009

Seasonal Gold

Looking at the seasonal chart for gold courtesy of 321gold via Moore Research at www.mrci.com you can see what has transpired in the past September to October period, on average, over the past 34 years; a huge September rally followed by decline in October that retraces about half that rally. Look closely and you will see the average October decline began around the end of the first week in October. Today is October the 7th.