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Spot Chart | Gold Shines Most in September on Seasonal Buys: Bloomberg ... | News2Gold

Spot Chart | <b>Gold</b> Shines Most in September on Seasonal Buys: Bloomberg <b>...</b> | News2Gold


<b>Gold</b> Shines Most in September on Seasonal Buys: Bloomberg <b>...</b>

Posted: 27 Aug 2014 05:11 AM PDT

Gold Shines Most in September on Seasonal Buys: Bloomberg Chart of Day


BLOOMBERG CHART OF THE DAY – September Sees 3% Gains Over 20 Years

Gold investors hurting from prices within 1% of a two-month low can find solace from the historical record and research and showing gold performs best in September.

The BLOOMBERG CHART OF THE DAY shows bullion averaged gains of 3% each September over the past 20 years, beating next best month November, when prices rose an average 1.8% according to Bloomberg based on a market update by GoldCore. We covered gold's seasonality and gold's best performing months here.

Buying increases with India's festival period, which runs from late August to October and is followed by the wedding season. At these times, bullion is bought for part of the bridal trousseau or in jewelry and bar form as gifts from relatives.

Chinese purchases may also increase toward year-end, before the country's Lunar New Year celebration in February. China  replaced India as the largest gold buyer in 2013.

"Indian jewelers and dealers will be stocking up in the coming weeks, so it should affect prices," said Mark O'Byrne, a director at brokerage GoldCore Ltd. in Dublin.

"A lot of traders are aware of this trend towards seasonal strength, so that may contribute to higher prices. They tend to buy and that creates momentum."

See Gold Shines Most in September on Seasonal Buys: Bloomberg Chart of Day here
See Gold's Sweet Spot – Strongest Months Are August, September, November And January here

MARKET UPDATE
Today's AM fix was USD 1,285.00, EUR 974.96 and GBP 775.40 ounce.
Yesterday's AM fix was USD 1,286.50, EUR 974.77 and GBP 775.79 per ounce.

Gold climbed $6.20 or 0.49% to $1,282.40 yesterday and silver rose $0.03 or 0.15% to $19.40 per ounce yesterday. Gold in Singapore was virtually unchanged overnight but has ticked up marginally in London trading.


Gold in U.S. Dollars – 2 Years (Thomson Reuters)

Silver for immediate delivery rose 0.4% to $19.53 an ounce. Spot platinum rose 0.8% to $1,422 an ounce. Palladium was unchanged at $891 an ounce – remaining near record 13 year nominal highs.

Gold is now trading above its 200 moving average of $1284, and the gold price remains relatively strong despite a stronger dollar, rallying equity market indexes, and a relative easing of geopolitical tensions.

The gold/silver ratio is currently 66.10, near its one year high showing silver remaining very good value versus gold.

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Clash of Clones <b>Gold</b> Earning <b>Chart</b> Calendar | TSTOFriends

Posted: 21 Aug 2014 04:00 PM PDT

Gold-EArning-Main
There is no doubt that many of you have already started doing the math…because with every update, Good or Bad…YOU WANT IT ALL!!

This update is REALLLLLLY long…but the numbers to get it all aren't for slackers if you want to pull it off…

But the REAL Question here…is "WHY WOULD YOU??"

I have to say…the list of prizes is pretty much…well…"Meh" with a capital "Ehm!"

I may be happy with the Catapult…especially if it shoots stuff…or moves…or does something than just sit there. But the Homer statue and flags? I'll take it if I win it…but won't spend a lot of sleepless nights making sure I get it.

Gold-Earning-Prizes

But….for those of you who are going to start going wacky if you don't keep up…
Here is the Grid.

8/19/2014 776 Homer/Lisa
8/20/2014 1552 Cheater/Bart
8/21/2014 2328  
8/22/2014 3104  
8/23/2014 3880  
8/24/2014 4656  
8/25/2014 5432 Marge
8/26/2014 6208  
8/27/2014 6984  
8/28/2014 7760  
8/29/2014 8536  
8/30/2014 9312  
8/31/2014 10088 Elixer Truck
9/1/2014 10864  
9/2/2014 11640  
9/3/2014 12416  
9/4/2014 13192  
9/5/2014 13968  
9/6/2014 14744  
9/7/2014 15520 Hot Air Balloon
9/8/2014 16296  
9/9/2014 17072  
9/10/2014 17848  
9/11/2014 18624  
9/12/2014 19400  
9/13/2014 20176  
9/14/2014 20952  
9/15/2014 21728  
9/16/2014 22504 Three Towers
9/17/2014 23280  
9/18/2014 24056  
9/19/2014 24832  
9/20/2014 25608  
9/21/2014 26384  
9/22/2014 27160  
9/23/2014 27936  
9/24/2014 28712  
9/25/2014 29488  
9/26/2014 30264 Catapult
9/27/2014 31040  
9/28/2014 31816  
9/29/2014 32592  
9/30/2014 33368  
10/1/2014 34144  
10/2/2014 34920  
10/3/2014 35696  
10/4/2014 36472  
10/5/2014 37248  
10/6/2014 38024 Homer Statue
10/7/2014 UPDATE ENDS  
1 Comment for "Spot Chart | Gold Shines Most in September on Seasonal Buys: Bloomberg ... | News2Gold"

Gold trading range for the day is 27819-28125.

 
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