RE:Gold seasonalityYou are welcome Jazzist, I'll try to post some more charts. The seasonality chart is interesting, however, this year has serious headwinds for gold. Increasing interest rates and tightening policy works against both the US$ and inflation. The US$ has rallied, and is starting to encounter resistance. The dollar pulled back from the weekly 200ma and has some chart levels as well. Chart below. Good chance of more pull back ahead, but the upcoming fed meeting is expected to increase rates again. These effects may be stronger than the seasonal trend, however, gold is already bargain priced at 1285. I am sure that none of the people who say gold should be below 1200 have ever worked in a gold mine.
This is maybe a year to be cautious about gold and the shares?, but for PVG the operating improvements may well trend stronger than the struggling gold price.
ps. BSd how did you get the advanced member designation? It is interesting that several people following this board are long time members of stockhouse.
