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Steve Miller's Cyclical Gold Update

JUN 11, 2018

With equities up last week, gold was up 0.67%, and oil was down -0.36%, the euro was up 0.93%, and bonds were down -0.56%. For this week, our projection is for a minor decline in the S&P 500, perhaps to the 2717-2740 support zone.  

You can see that on average, gold tends to surge during the first couple months of the year. The price cools down through the spring and summer, then takes off again in the fall. This means that on a historical basis, the best times to buy are the beginning of January, early April, or from mid-June to early July.