A special seasonality in gold
(PresseBox) - Seasonality in gold over the course of a year is familiar to many. Seasonality is also studied with regard to the US presidential cycle.
The internationally oriented major bank HSBC Trinkaus & Burkhardt has looked at how the gold price develops in mid-term election years. The result is a glimmer of hope for the coming year. It turns out that the gold price in U.S. midterm election years has averaged a gain of more than 17 percent since 1974. Of course, this can t be so easily extrapolated to 2022, the bank s experts said, but at least these are positive indications that a higher gold price could come with the start of the new year. A gold rally could then continue into May. After a short dry spell, the seasonally good part of the year could please from July and last more or less until the end of the year. In the course of a year, there is usually a price increase in the precious metal from July to mid-January, partly caused by the purchases of the jewelry industry for Christmas.
In the seasonal considerations, one can also include the gold mining index. For the gold mining sector, the weaker phase for the gold price between the end of February and the beginning of July is also not such a good time. Gold mining stocks lose, over many years, even more significantly than the gold price. However, if the gold price is on the way up, this has a positive effect on gold mining stocks. Therefore, it would be a consideration in the not so good time for gold miners to use this for an entry.
That s where Mawson Gold - https://www.youtube.com/watch?v=Pi1uEfDSBcA - would come in. The company owns gold properties in Australia and a gold-cobalt project in Finland. In addition to gold, there is also cobalt, which is so important for the energy transition.
In Idaho, Revival Gold - https://www.youtube.com/watch?v=IRhTepSaUVg - is advancing the Beartrack-Arnett gold project. The mine, which used to produce successfully, has already produced excellent drilling results.
Current corporate information and press releases from Mawson Gold (- https://www.resource-capital.ch/en/companies/mawson-gold-ltd/ -).?
In accordance with ?34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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Datum: 24.12.2021 - 03:10 Uhr
Sprache: Deutsch
News-ID 652777
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