RE:Re:Is it tax because of tax losssTAX LOSS - in Canada u can write of capital losses against your capital gains, but this has to be done a few days before the end of the year. So, there is extra sell pressure leading up to the end of the year in canadian markets. Once u do this u have to wait for about 30 days to rebuy for it to be a legit capital loss.
Generally, I have found the seasonality of gold to work about 70% of the time, at this time of the year. Will pick up some NGD after boxing day holiday and try for 10-20 % by mid Feb. Last year the seasonality was weak if at all, odds are this year in our favour. That being said the paradigms we have been using over the years - like gold relative to inflation, or international strife i.e. Ukraine - seem to have shifted.