Wednesday, April 15, 2009
Gold bull market seasonal patterns
for those worried about the ongoing spring rally. Chart below stolen from ZealLLC and indicates the gold price's seasonal tendencies during the current ongoing secular bull market in gold that began in 2000 (data from 2000-2006):
We have just entered one of the seasonally strongest time periods for gold and we have a Martin Armstrong cycle turn date dead ahead on April 19th, 2009. Though I am always concerned about and monitoring my trades in the gold mining sector, I am not worried. Trading has risks and those risks need to be managed. Fundamentals are strong, technicals are supportive and the seasonal winds are at the backs of those long in the gold sector.