Election year seasonality is playing out a little differently this year. Seems like norm is bottom in May but we bottomed in March. So perhaps everything is time shifted by 1-2 months?
Will post Gold election year seasonality here for reference.
www.seasonalcharts.c...l_gold_election.html
So for comparison sake:
1. June, Sept, November peaks dwindling down in the seasonality chart.
2. 2020 for Silver saw Aug, Sept, and October (possibly) peaks.
3. For Gold we saw less obvious peaks in Aug, Sept, and October (possibly) as well.
I posted a normal year Gold seasonality earlier and it looks different than election year one. But the normal year seasonality is more in line with 2020.
One more note, the harmonic sequence points to Nov as another significant milestone. if the pitchfork plays out looks like we could hit 1730-1780 area by early Nov. Just a good possibility.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Will post Gold election year seasonality here for reference.
www.seasonalcharts.c...l_gold_election.html
So for comparison sake:
1. June, Sept, November peaks dwindling down in the seasonality chart.
2. 2020 for Silver saw Aug, Sept, and October (possibly) peaks.
3. For Gold we saw less obvious peaks in Aug, Sept, and October (possibly) as well.
I posted a normal year Gold seasonality earlier and it looks different than election year one. But the normal year seasonality is more in line with 2020.
One more note, the harmonic sequence points to Nov as another significant milestone. if the pitchfork plays out looks like we could hit 1730-1780 area by early Nov. Just a good possibility.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.