We are entering the slow period for gold. The next few weeks tend to be selloff time.
The reason is that for both China and India - about 1/2 of the world's population, and a gold-hoarding half at that, jun and july are absent of any festivals and are at the low point for marriages. This drops the physical demand and the investment demand follows. For reasons I can't fathom there is often a blip upward in early july, but on the whole this is a period where the large investment (read: gambling) houses can engineer big paper takedowns of the gold price. This is when you often see a couple of back to back down $40 to $50 dollars days,
A great time to take advantage of an artificially low gold price!
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