After the early rise, gold, silver and miners fell. Total, the gold and mining sectors are up, however not considerably. Most significantly, they rose in an insignificant manner, whereas the USDX fell in a significant manner (solely from a every day perspective, however nonetheless).
Prime ministers and miners had good motive to protest as we speak – on a big scale – however they did not. This implies that they actually need to fall within the coming weeks. Luckily, you might be already effectively positioned to profit from this decline. Your revenue within the present brief place will possible develop.
Earlier than we summarize, we need to talk about one particular factor: gold’s efficiency round Thanksgiving – throughout US presidential election years.
The textual content under is definitely based mostly on one thing I wrote 4 years in the past. As a result of it was a few extra distant previous, it’s nonetheless as related as we speak because it was then. After all I’ll add commentary on what occurred in 2020.
Gold’s efficiency round Thanksgiving
Thanksgiving is on the fourth Thursday of November yearly, which means the vacation at all times falls between November twenty second and 28. What often occurs to the gold value earlier than and after this era? Let’s check out gold’s seasonality for the fourth quarter.