Tuesday, March 24, 2009

Gold Ten Year Chart and Highlights

Cash Gold Monthly Chart 324

This is the cash chart for Gold. Each Bar equals one month. Time frame, 1999-2009.

Some Gold Chart facts:
  • The low in Gold was made during March, 2001 around the 255.00 level.
  • The high in Gold was made during March, 2008 around the 1,032.00 level.
  • Every year from 2001 to 2008, Gold made a new high for the move.
  • Gold plunged for most of 2008 and made its low during October, 2008 around the 682.00 level.
  • Gold touched 1,000 for the second time February, 2009.
  • Seasonal demand for Gold is low during the Spring months.
  • Seasonal demand for Gold is usually very strong in the second half of the year.
We will be issuing a new report soon on the seasonal tendencies for gold. We will also discuss specific supply/demand factors that effect the price of gold.

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