Gold vs. NUGT & DUST mining index

Published 1 week ago at 04 Aug 2022

The reasons for gold’s upside since the last FOMC meeting has been the falling USD and Real yields which provides a good lift for gold. As longs as investors continue to hold the view that the Fed will not need to hike rates aggressively into 2023 then gold should still be able gain. There are different ways to trade gold markets and one way is to trade a gold mining index instead of, or as well as, spot gold 
 
Notice that the seasonals indicate that buying gold provides the strongest seasonal pattern, beating Direxion’s gold mining DUST and NUGT indexes. Between July 26 and August 28 gold rose a total of 8 times over the last 10 years with a 28.47% annualised return.  
 
Major Trade Risks: 
If inflation keeps edging higher then gold can fall lower again. Keep an eye on real yields and the USD to get a sense of gold’s direction.  
 
Analyse these charts yourself by going to seasonax.com and get a no strings attached 3 day free trial! Which currency pair, commodity, index, or stock would you most like to investigate for a seasonal pattern? 
 
Remember, don’t just trade it, Seasonax it ! 


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