Jul 29, 2011

Gold Seasonality: A Reversal After The Debt Deal?

Here`s a chart of the Gold Futures seasonality over the last 20 years:
I have the impression that once this debt ceiling circus is over, gold will have the mother of all corrections.

Related Tickers: SPDR Gold Trust (ETF) (NYSE:GLD), Newmont Mining Corporation (NYSE:NEM), Barrick Gold Corporation (USA) (NYSE:ABX) , Goldcorp Inc. (USA) (NYSE:GG), Yamana Gold Inc. (USA) (NYSE:AUY), NovaGold Resources Inc. (USA) (AMEX:NG), Ishares Silver ETF (SLV), Hecla Mining (HL), Silver Wheaton (SLW), New Gold (NGD), Kinross Gold (KGC), Coeur d'Alene Mines Corporation (NYSE:CDE)

Subscribe to the TraderHMS Newsletter and receive trading ideas, setups and market analysis on your email.