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Strategies & Market Trends : Ride the Tiger with CD

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To: Canuck Dave who wrote (173709)9/1/2009 7:29:36 AM
From: TheSlowLane  Read Replies (1) of 313022
 
History Lesson: September Is Best Month for Gold

We’re heading into September next week, so it’s a good time to revisit the historic seasonality of gold and gold stocks.

Over the past four decades, September has been the best time for gold in terms of its month-over-month price appreciation. You can see this on the chart below – in a typical year, the price of gold in September rises 2.5 percent above its August price.

The gold price has risen in 16 of the 20 Septembers since 1989, by far the best success ratio of any month of the year.

kitco.com
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