Hopefully the trend for seasonal investing shall definitely also be our friend:

Don Vialoux, Research Analyst, Horizons ETF Management Canada

FOCUS: Technical Analysis & Seasonal Investing

Market Outlook:

U.S. and Canadian equity markets have a history of moving higher briefly near the U.S. Independence Day holiday and tracking thereafter into a corrective phase lasting until October. The correction frequently is related to a surprising non-recurring negative event. Volatility in equity markets spikes. Will the financial crisis event in Portugal be the event this year? It’s too early to make that call.

TOP PICKS:

SPDR Gold Trust (GLD NYSEARCA) - Originally purchased three weeks ago at $126.50
Gold bullion enters into its best period of seasonality during the year from July 12th to October 9th. Gold established a new intermediate trend today (Thursday) on a move above $1,335.

Market Vector Gold Miners ETF (GDX NYSEARCA)
Gold equities are approaching their best period of seasonality in the year from July 27th to September 25th GDX broke above resistance at $26.53 on Wednesday, confirming an intermediate uptrend.