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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (3419)11/16/2003 4:31:51 AM
From: BubbaFred  Read Replies (2) | Respond to of 108919
 
JW - Under current condition, should seasonal factors be considered? Gold has the tendency to drop starting late November to mid January. I think seasonal factors will not have much of influence at this time because there are so many other factors that are more critical in play. Chart for Newmont (NEM) is frothily bullish and greater than average volume since early 2002. Likewise, charts of GPX and XAU continue to be in bullish mode.

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"Gold (CMX): (High: Jan//Low: Jul or Sep) Demand is usually weakest in Northern Hemisphere summer, especially August when European jewelry manufacturers are essentially shut down. Demand is greatest going into fourth quarter, during which consumption is highest as gift-giving peaks beginning with Indian harvest and wedding festivals in autumn and carrying through US religious holidays and Chinese new year."