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GLD Should Do Well In The Near Term, As Gold Enters Its Seasonally Strong Period Of The Year

Peter Arendas

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#1 Russ

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Posted 01 July 2017 - 11:17 AM

https://seekingalpha...f79433f125&dr=1

 

Summary

Gold price and GLD tend to do very well during July, August and September.

During the 1969-2017 period, July was the month when gold price grew most often.

The near-term fundamentals are still favorable for gold.

From the technical point of view, a long position in GLD should be initiated after it crosses the $120 level.

 


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#2 Russ

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Posted 01 July 2017 - 11:29 AM

I have trends for gold, gdx etc. to reverse and turn up perhaps by mid next week.


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#3 wolfclaw

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Posted 01 July 2017 - 08:40 PM

I agree GLD is looking very strong on both the Solar and 2 Year Cycles.