As the FAAMG stocks continue their launch to infinity there are a couple of interesting seasonal factoids to look at as we get ready to start the month of August.
Take it with a grain of salt though because with this Fed inspired market you have to wonder if any of the playbooks are even relevant anymore.
With that said, August and September are historically and seasonally the best months for gold and silver.
On the other side of the equation, August and September are seasonally the worst months for stocks.
Have fun with that.
On Wednesday Goldman said “with more downside expected in US real interest rates, we are once again reiterating our long gold recommendation from March and are raising our 12-month gold and silver price forecasts to $2300/toz. and $30/toz respectively from $2000 and $20.