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Every Thing Else Board
Gold & Silver are Spiking!
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<blockquote data-quote="Son of Butch" data-source="post: 1700224" data-attributes="member: 14585"><p>Jan 2021 gold started the year at $1,950 dropped to $1,700 by April and is</p><p>starting September at $1,808</p><p>Historically September is the strongest month for gold</p><p></p><p>2 reasons - both are demand</p><p>1. stock investors historically back off buying stocks in September because of October's reputation for volatility, so turn to gold as a safe haven.</p><p>2. September is the Wedding Season in India - strong tradition of gifting gold</p><p>and or gifting dowries in gold. So India buys a lot of Gold in September.</p><p></p><p>August 10 gold $1,742 - August 31 $1,808 </p><p>up $66 in 3 weeks... positioning for a September run up?</p></blockquote><p></p>
[QUOTE="Son of Butch, post: 1700224, member: 14585"] Jan 2021 gold started the year at $1,950 dropped to $1,700 by April and is starting September at $1,808 Historically September is the strongest month for gold 2 reasons - both are demand 1. stock investors historically back off buying stocks in September because of October's reputation for volatility, so turn to gold as a safe haven. 2. September is the Wedding Season in India - strong tradition of gifting gold and or gifting dowries in gold. So India buys a lot of Gold in September. August 10 gold $1,742 - August 31 $1,808 up $66 in 3 weeks... positioning for a September run up? [/QUOTE]
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