gold has not been following its seasonal average for the last year.
average is to bottom out in summer, then trend higher into spring. instead it topped in summer and trended down into spring.
gold has been going opposite interest rates for the last year. interest rates bottomed in summer, and have been rising as it becomes obvious that washington will do more and more to destroy any sense of fiscal discipline at the federal level.
at some point if that insanity continues, gold and interest rates might surge higher together.
gold has trended higher lately, as interest rates are now going sideways. (for now).
Here's a chart of August 2021 Gold for this year.
Gold, seasonably often falls in the recent time frame as shown above but instead, has been creeping higher. The image below is messed up because the source, I think inserts the band in the center to keep people from copying their stuff for free?
Does that mean its will REALLY go higher later this year?%20Daily%20Commodity%20Futures%20Price%20Chart%20COMEX(2).png)
