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Gold ChartThis seasonal gold chart is most instructive. The months of the year are along the bottom of the chart, while the trading months for futures are at the top highlighted in yellow. Notice on this chart that gold puts in a high on average in mid to early Febuary. While the lows are put in just past the years mid-point in July.
70% of all gold manufactured each year goes into jewelry, and is one of the major reasons for the seasonal pattern in gold. Consumption causes prices to be low in August when European jewelry fabricators are on vacation but then to rise immediately thereafter. The fourth quarter is the peak season for gift-giving, with gold jewelry most highly prized. Harvest and wedding festivals begin in September in India --- the world's largest consumer of gold. Then come year-end holidays in the United States and finally Chinese New Year. By late December, gold demand can be exhausted. In January, when most amature traders are bullish, the professtionals are selling the gold they accumulated way back in July.
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For more gold charts click > Gold Charts 1988 N Valley Dr Apache Junction AZ 85220
Even if you use gold charts there is risk in trading Futures, Options, Stocks and Commodities, which have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in Stocks, Futures, Options and Commodity markets. Don't trade with money that you can't afford to lose. This gold chart and text is neither a solicitation nor an offer to Buy/Sell Futures, Options, Stocks or Commodities.risk disclosure
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