Gold’s seasonality. . . The best time to buy gold is when everything is quiet.
USAGOLD note: The reality of gold’s seasonality is evident in this chart. In the past, there has been a clear change of direction in sentiment annually from the 185-195 day mark – midway in the year. Much has been written about gold’s seasonality as well as the annual summer doldrums. We thought it might be interesting to show the phenomena in a chart. The best time to buy gold is when everything is quiet and, even better, when the market happens to be presenting a buying opportunity. Last year at this time, gold was priced in the area of $1250 per ounce. By early September, it was on the move and trading at $1350 mark. Presented with thanks to Jason Goepfert at SentimenTrader.