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Are Gold Prices Seasonal?

Posted June 9, 2008

“I have recently noticed a seasonal pattern that has me excited. Over the last six summers, there has been a trading opportunity that has presented itself over and over again.” — Rick Pendergraft

by Rick Pendergraft

Baltimore – (TFN): I have always been a little skeptical of seasonal trading patterns in anything other than agricultural products. After all, what sense does it make that financial instruments not based on weather would follow any kind of calendar pattern?

With that beings said, I have recently noticed a seasonal pattern that has me excited. Over the last six summers, there has been a trading opportunity that has presented itself over and over again.

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I think I have mentioned in the past that market timing gold prices has never been a specialty of mine. I’m not sure why that is. I used to work for a great gold timer and I followed the same indicators he did, but my timing always seemed to be off.

That is until now. Read on to learn why.

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Posted by Rick Pendergraft · Filed Under Gold and Resources 

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