Some Things Actually Go Up Before and During the Fall…
In recent issues of Seasonal Insights I have discussed two asset classes that tend to suffer performance problems in most years until the autumn, namely stocks and bitcoin.
I thought you might for a change want to hear of an asset that will be in a seasonal uptrend over coming months.
Such assets do of course exist, and one that has particularly good prospects at the moment is gold.
You may well have already heard that gold prices typically exhibit strength in the second half of the year.
But when exactly does gold begin to rally, and how long does its strength last?
A close Look at the Seasonal Trend in Gold
Take a look at the seasonal chart of gold below. Contrary to standard charts, seasonal charts illustrate the average performance of an asset price in the course of a year. In this case the prices of the past 20 years were averaged. The horizontal axis depicts the time of the year, while the vertical axis shows the average price performance.
This post was published at Acting-Man on July 5, 2017.