Now is the time to strengthen your gold position. From a statistical standpoint, gold often performs better with the approach of fall, partly because of the resumption of India’s festival season, and several market watchers are reiterating calls for the metal’s seasonal resurgence:
AlphaMountain Investments: The firm’s Thackray’s 2012 Investor’s Guide notes that the optimal time to invest in gold bullion is from July 12 to Oct. 9 — a profitable trade for 11 of the past 14 periods. During the past 25 periods, gold bullion has outperformed the S&P 500 Index by 4.7% per period.
Bank of America: “Bullion has risen an average of 14.5% in the late summer for the past 11 years,” reported Canada’s Financial Post, citing BofA analyst Michael Jalonen. The bank continues to favor gold as an investment, maintaining a 12-month price target of $2,000.
Bank of America: “Bullion has risen an average of 14.5% in the late summer for the past 11 years,” reported Canada’s Financial Post, citing BofA analyst Michael Jalonen. The bank continues to favor gold as an investment, maintaining a 12-month price target of $2,000.
Scotia Capital: “We expect … the gold price to perform better following the summer vacation season (seasonally a weak price for gold),” analysts wrote. “We will be entering a seasonally stronger period for gold equities following the traditional summer holiday period … and expect a stronger performance in the latter part of the year."
More information can be found online at http://www.goldbullionadvisors.com
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