Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: mishedlo who wrote (96886)	7/22/2002 9:40:51 AM
From: Jim Willie CB	Read Replies (4) of 99280

I will summarize my understand of gold's low season but surely I have no corner on complete understanding India is the world's largest cash buyer of gold neighboring countries are also big, like Pakistan, Bangladesh this distinction is both India as a nation, and Indians per capita they dont trust banks or paper assets of any kind they use gold as savings, give gold as wedding gift dowries July is the center of the monsoon season in the USA summer is vacation season, which is a long time away from winter jewelry gift giving as time approaches the Christmas buying season, it ramps up we have not only Christmas but Valentine back2back hedgefund managers also take time off to visit ocean communities on vacations in the summer additionally, gold mining production peaks in summer it ebbs in winter simple weather cycle but the amazing thing about gold's seasons is that the transition from lowest season to highest season is only a few months, from July to November this is a bit brief, but so be it / jim

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