Commodity Trade Mantra

Posts Tagged ‘Indian Wedding Season’

Time for Patiently Using Corrections & Patterns to Build Gold Positions

The correction is providing an opportunity to enter stocks that we thought got away. The question is precisely when to make those moves. If historic patterns around W-shaped corrections & reactions of gold to rate hikes persist, we could be looking at a strong start to 2017. This fall may be the time for patience & using patterns to position your portfolio for gold’s next leg up.

Gold Jewelry Buying Expected to be Exceptionally Strong

Plentiful monsoon rains in India tend to drive up demand for gold & gold jewelry among rural, income-flush farmers, who make up a third of the country’s consumption of the yellow metal. Gold jewelry sales in India are expected to surge as much as 60% over last year, during this year’s festival season thanks to the fortuitously timed sharp drop in gold prices.

The Strong Season For Gold Buying Starts

The strong season in Gold is just getting underway, with this metal’s summer-doldrums seasonal low in place. Major income-cycle and cultural drivers from around the world lead to outsized gold demand surges. And gold’s best months of the year are nearing as Asian harvest buying ramps up followed by the fabled Indian wedding season’s arrival.

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