Thursday, October 8, 2009

Gold does it AGAIN...


Gold does it every year and it is doing this again. It follows the yearly "Chinese Gold Rush Cycle" and shoots up during a 4 month period every year. This starts sometime in September every year, before the festive season in India and continues till the end of the Chinese New Year.


A previous post on Investorsteet stated this last year when gold was doing what I call "A habitual affair". This year, it is expected to finish the cycle during the 4th week of January and it is already at USD 1053.31 per ounce (Source: www.goldprice.org)

The average annual change in gold prices (in USD) has been 17.1% during the period 2004-2009 with a positive change in any given year.




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