Wednesday, December 2, 2020

Tag: Gold Seasonality: The Slump Into Mid-March And Gold’s Spring Rally

Gold Seasonality: The Slump Into Mid-March And Gold’s Spring Rally

from Silver Doctors:

Unfortunately this year’s potential spring rally is more clouded than usual…

by Adam Hamilton of Zeal LLC

Before their recent surge on gold regaining $1600, the gold stocks spent much of the past half-year or so largely drifting sideways to lower.  That high consolidation really weighed on sentiment, with greed giving way to apathy.  This sector normally tends to suffer a seasonal slump into mid-March, paving the way for gold stocks’ spring rally.  That’s their second-strongest seasonal surge of the year running into early June.