Here's my favorite chart and why I bought shares of DGP around the 1st week of September:
"Gold (CMX): (High: Jan//Low: Jul or Sep) Demand is usually weakest in Northern Hemisphere summer, especially August when European jewelry manufacturers are essentially shut down. Demand is greatest going into fourth quarter, during which consumption is highest as gift-giving peaks beginning with Indian harvest and wedding festivals in autumn and carrying through US religious holidays and Chinese new year."
The blue line is the 26 year average and the red line is the 15 year average. The months at the bottom are the actual months of the price while the months at the top are futures months occuring during the actual month.
I may be looking to short gold around the 1st of February but only for a few weeks.
"Gold (CMX): (High: Jan//Low: Jul or Sep) Demand is usually weakest in Northern Hemisphere summer, especially August when European jewelry manufacturers are essentially shut down. Demand is greatest going into fourth quarter, during which consumption is highest as gift-giving peaks beginning with Indian harvest and wedding festivals in autumn and carrying through US religious holidays and Chinese new year."
The blue line is the 26 year average and the red line is the 15 year average. The months at the bottom are the actual months of the price while the months at the top are futures months occuring during the actual month.
I may be looking to short gold around the 1st of February but only for a few weeks.