Gold Bullion Bars
Tuesday, October 16, 2012
The best month for gold is heading this way
"Gold dropped 1 percent on Monday, its biggest one-day drop since July, as encouraging U.S. retail sales data prompted funds to reduce their bullish bets in bullion after its recent sharp rally," with the price falling as low as $1,729 before consolidating near $1,735, Reuters reported. However, as Felix Pinhasov reminds investors at Seeking Alpha, October tends to be a tough month for gold (as well as other asset classes), but November has historically been robust. Therefore, the current dip could be a nice buying opportunity:
A correction in the price of gold in October will not be out of the ordinary. In fact, it is probably necessary for the price of gold to correct and thereby attract those who missed the rally of August and September to enter the picture and push prices higher. A move toward the $1725-$1735 support levels will be a decent entry point for those looking to capitalize on what is gold's best month - November. ... November has been the best month to own gold over the past 12 years, returning over 4 percent on average. ... Although seasonality is not a definite indicator (the past cannot predict the future), the expansion of the Federal Reserve balance sheet by roughly $40B per month bodes well for this seasonal scenario. In addition, the conclusion of the presidential race (no matter the winner) has historically been known to remove some market
uncertainty and push money into financial assets. More information can be found online at http://www.goldbullionadvisors.com
Posted by Richard Davey at 7:00 AM
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▼ 2012 (106) • ► November (9)
▼ October (71) • Gold's "upside is well beyond $2,000," CEF Holding... • Low Asian demand presents golden buying opportunit... • As the Fed's balance sheet grows, Gold could hit $... • McAlvany Wealth Management: "Heavy emphasis on the... • Gold "more likely" to top $2,000 next year, Sprott... • Germany knows: If you don't hold your gold, you do... • Standard Bank, UBS bullish on Gold Bullion • Central banks continue to drive gold prices higher... • "We have a positive view around Gold Bullion," say... • Barclays on gold: "We retain a positive outlook fo... • Billionaire: Gold is "the largest part of my portf... • Gold Bullion imports by India set to rise • China buying up Australia's Gold Bullion exports • Gold to average $2,000 in 2013, CIBC World Markets... • Eurozone crisis will keep driving gold even if inf... • Saxo Bank sees gold breaking record high in Decemb... • Slow economic growth ... has been the primary driv... • "We'll see $2,300 gold by January 2014," Casey Res... • The best month for gold is heading this way • Central banks' expansionary policies will boost Go... • Investors switching from gold ETFs to physical bul... • Five Reasons to Own Gold Bullion • Gold as a Viable Investment Alternative • Gold Bullion equals High Returns • "Gold is primed for a breakout," MarketWatch repor... • Credit Suisse raises gold, silver forecasts for 20... • Central Bank Gold Bullion Buying Hits Record • Gold is money, not a commodity, declares Deutsche ... • $3,000 and $5,000 Gold," Bank of America say • South African Strikes Halt 39% of Nation’s Gold Ou... • India's Gold Bullion Reserve jumps to $26 Billion • Investors should double their Gold Bullion holding... • "Gold Bullion on the verge of an important break-o... • Patience pays as gold looks to move higher • Rising investment demand will support gold, Saxo B... • "Gold Bullion is going to be one of the best asset... • "QE3 has reignited inflation expectations" • Signs of a resurgent gold standard emerging worldw... • Benefits of Vaulting Gold • Gold Bullion - Eternal Standard of Wealth • Central Banks from Russia, Mexico and Turkey bough... • Hong Kong to build Gold Bullion Vaults • $3000 Gold Bullion target • Gold Bullion move easily above $2,000 • Rothschild Wealth Management exec sees Gold Bullio... • Hong Kong gold exports to China rise 12% • Gold is the "Safe-Haven" • Vaulted Gold Bullion • Gold Bullion as an Investment Opportunity • Do Gold Bullion have the same Value as Money? • The International Monetary Fund is buying Gold Bul... • Positive Forecast on Gold Bullion • New Report suggests scarcity of Gold Bullion • China buying Gold Mines worldwide • World's biggest hedge fund still bullish on Gold B... • Central Banks lease Gold Bullion • What Factors Affect the Price of Gold Bullion? • Gold Bullion has good Long Term Support • This Move In Gold Bullion & Silver Will Look Spect...
• Gold rallies to highest price of 2012 • BlackRock exec predicts $2,400 gold by next summer... • Gold is money, not a commodity, declares Deutsche ... • Signs of Gold Standard continue to emerge in China... • PIMCO analysts call Gold Bullion a "compelling inf... • Investing in Physical Gold • Vaulted Gold Bullion as an Investment • Gold Bullion Shortages coming soon ! • Return to Gold Standard? Why Price Would Hit $10,0... • PIMCO fund manager buying gold bullion stake • First Asset Management Targets $2100 Gold Bullion • Gold Bullion continues to be a great Investment ► September (26)
Richard Davey Consultants to the banking industry to supply gold bullion http://www.goldbullionadvisors.com View my complete profile
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Published on Nov 13, 2012