Glittering Gold [Video]

Giles Coghlan LLB, Lth, MA Financial Source

Gold has long been touted as an inflation hedge, but now really could be the time for gold to shine. If it does, then there are some very strong seasonals ahead for the precious metal.

Over the last 10 years, Gold has gained 9 times out of 10 between December 02 and January 25. The average return has been a strong 3.75% and the maximum gain has been +7.36%.

With the Fed due to meet on December 14 a more dovish stance would naturally help lift gold. If yields drop too, then that is another bullish factor for gold. Is this gold’s time to shine?

Major Trade Risks: The major risk here is if inflation remains stickier and the Fed is forced to hike more aggressively.

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Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

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