Load up some "dry powder" for the August/Seprember rush!

Despite the wild panic-driven gold volatility, September, November, and December still retained the top three spots for the best calendar months for gold. These seasonal monthly rallies actually all grew significantly larger thanks to the panic’s influence. And the mid-autumn-rally October pullback, distorted by the panic, grew much deeper as a seasonal average. (2009) Interestingly May usurped January as the 4th best seasonal month.

The monthly seasonals certainly corroborate the annual ones. If you want to add new PM long positions, your best bets on timing are to buy in early January, early April, mid-June, mid-August (now!), or mid-October. On balance, investors and speculators have been richly rewarded in this bull by heeding these seasonals. (IMHO, this seasonal rise in PM equities has alreadty launched!)

Gold’s seasonals remain an important secondary force, a helpful tailwind that all PM investors and speculators need to consider. Adam Hamilton

Last week was a stellar 4 days for PM equities!

RUF