2 Reasons Gold May Move Higher in September
Nevada gold nugget
1. Jewelry demand in the fourth-quarter averages three times the third-quarter demand, a seasonal pattern that “should remain, irrespective of the actual level” and boost volatilty.
2. Standard Bank also expects the Euro to rise vs. a weakening US Dollar, reaching $1.50 by year-end. Gold priced in Dollars typically moves in the same direction as Eur/USD.
3. Yes, I know the headline says two reasons gold may move higher, but I do have a personal third reason. Our firm just did a major accquisation of Arizona gold nuggets and a Nevada gold nugget that by itself, weighed in at 5.36 onces, that is our largest single nugget purchase ever. So, you see, with this investment, we have been wishing for a +$1,000 an once year-end rally. It would be nice to see our wishes come true!
