QUESTION: Martin,
In your June 23rd post, you stated: “The [June] bounce is really seasonal, yet it is being explained as everything but.”
What Does this mean? There is a season to gold?
ANSWER: Yes. May/June often produces the low in gold. That is what we were saying a June low with a bounce. The other key months tend to be January/February. So the “bounce” from a June low on June 2nd is rather common.
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