Looking for Gold to Regain Its Luster
The gold trade seems to be breaking all of the "rules." Despite discounts in the dollar, the yellow metal has failed to make headway -- and, in the midst of political chaos on Washington, it has barely budged. However, it is hard to count out the gold bugs in an environment that has us continuing to face potential inflation pressures at the hand of monetary policy, and where uncertainty is running rampant.
Seasonal tendencies are also in favor of gold prices finding a bottom in the coming sessions. Although data compiled over the previous 25 years can be considered merely overall neutral to supportive, the previous six years have seen notable rallies in the precious metal in mid-to-late December -- which often extends well into January. That said, an early-December dip appears to be relatively common. These statistics put us on notice for a possible buying opportunity at better levels. ...225 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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