The seasonal cycle brings us autumn and it is time for a look at the seasonality of gold.
Basically, there are long-term, short-term and medium-term cycles in the gold sector. There is the eight-year cycle, for example. When looking at the last 50 years, it is noticeable that the gold price has reached a low point approximately every eight years. After that, the last low was in 2016, so you could expect another good buying opportunity sometime around 2024. However, shorter cycles are likely to be more useful for gold investors. Some of these shorter cycles follow economic events, for example the Fed's FOMC meetings. Most of the time, gold prices rise just before and during Fed FOMC meetings, then gold prices usually fall just before, during and after the meeting decisions are announced.
When it comes to seasonality, investors look particularly at the performance of the individual months. Over the past 45 years, September, November and January have been the best. The reason for these good gold months is the increasing demand for gold jewellery. In a normal year, about half of the demand comes from the jewelry industry. Last year, in the pandemic year, these statistical empirical values were shaken up, but then it was an exceptional year. So in a normal year, five major holidays towards the end of the year fuel the purchase of gold jewellery. Then at the beginning of the following year, the Chinese New Year is added to the mix. So September also seems to be the favorite month for jewelry manufacturers. Over the decades, at any rate, October has been a very good month for gold.
So quickly take a look at well-positioned gold companies, such as Torq Resources - https://www.youtube.com/watch?v=kij1qkLrAOo -. With gold and copper projects in excellent mining areas in Chile and a particularly experienced management and technical team, the company should make good progress.
CanaGold - https://www.youtube.com/watch?v=BKl6AzgvvLU&t=73s - also has the best prerequisites, is well financed and has already achieved very high gold grades at its New Polaris gold project in British Columbia.
Current corporate information and press releases from Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also
applies: https://www.resource-capital.ch/en/disclaimer/
Basically, there are long-term, short-term and medium-term cycles in the gold sector. There is the eight-year cycle, for example. When looking at the last 50 years, it is noticeable that the gold price has reached a low point approximately every eight years. After that, the last low was in 2016, so you could expect another good buying opportunity sometime around 2024. However, shorter cycles are likely to be more useful for gold investors. Some of these shorter cycles follow economic events, for example the Fed's FOMC meetings. Most of the time, gold prices rise just before and during Fed FOMC meetings, then gold prices usually fall just before, during and after the meeting decisions are announced.
When it comes to seasonality, investors look particularly at the performance of the individual months. Over the past 45 years, September, November and January have been the best. The reason for these good gold months is the increasing demand for gold jewellery. In a normal year, about half of the demand comes from the jewelry industry. Last year, in the pandemic year, these statistical empirical values were shaken up, but then it was an exceptional year. So in a normal year, five major holidays towards the end of the year fuel the purchase of gold jewellery. Then at the beginning of the following year, the Chinese New Year is added to the mix. So September also seems to be the favorite month for jewelry manufacturers. Over the decades, at any rate, October has been a very good month for gold.
So quickly take a look at well-positioned gold companies, such as Torq Resources - https://www.youtube.com/watch?v=kij1qkLrAOo -. With gold and copper projects in excellent mining areas in Chile and a particularly experienced management and technical team, the company should make good progress.
CanaGold - https://www.youtube.com/watch?v=BKl6AzgvvLU&t=73s - also has the best prerequisites, is well financed and has already achieved very high gold grades at its New Polaris gold project in British Columbia.
Current corporate information and press releases from Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also
applies: https://www.resource-capital.ch/en/disclaimer/
