Grupp: Huvudforum
Chart of the Day
With gold and gold stocks in a bull market, many investor's are wondering if gold has potential for further appreciation. To provide some perspective, today's chart presents the average yearly performance of the XAU index (i.e. gold stocks) since 1984 (blue line) and since 1994 (gold line). The chart illustrates how gold stocks tend to close out the year strong, particularly during the latter part of December. However, during the first few months of a new year, seasonal tendencies become less pronounced (especially over the past decade)