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Thanksgiving pattern: A seasonal low for gold? |
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| Nov 28, 2008 06:45 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: International markets, Newsletters, Goldcorp Inc (GG), Kinross Gold (KGC), Commodities, Stocks to Buy  "Gold is now looking stronger; it is time that investors have gold in their portfolios," says Curtis Hesler. In the The Professional Timing Service, he looks at gold's seasonal patterns.
"I think they will rush to commodity-based assets because of the serious underinvestment phase the commodity sector is involved in now. This will lead to shortages and very high prices down the road in all commodities. "Once the dollar begins to roll over, gold will be an instant benefactor. It is already looking stronger in my technical work, and it is time that investors should have gold in their portfolios. I still recommend that you put new money into the major gold miners only. "We are approaching an interesting seasonal period for gold. Years ago, the Stock Trader's Almanac used to specify a seasonal trade in gold. "Their study showed that if you bought ASA Ltd. (NYSE: ASA) at its low in November and sold it at its high in the first quarter of the next year, you would have averaged a gain of 87.8%. Continue reading Thanksgiving pattern: A seasonal low for gold? Thanksgiving pattern: A seasonal low for gold? originally appeared on BloggingStocks on Fri, 28 Nov 2008 13:45:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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