Don’t Buy Gold Now, Wait Until It’s Under $1,000

Since the gold bull market began in 2000, April has seen gold rise from March in just 5 out of the last 15 years. May has seen a rise in 8 out of 15 years; June 10 out of 15; July 6 out of 15 and August 10 out of 15. What does this data mean as to whether or not one should buy gold today, based on seasonal patterns? It means nothing.

Those who sell gold will give you every reason in the book to buy it. The following are reasons for gold’s rise that I have heard in the last year (this doesn’t mean I agree with all of them).

10 Reasons Why Gold Will Rise

1. A dollar crash imminent
2. The weak economy
3. Inflation
4. Geopolitical uncertainty (ISIS)
5. Russia/Ukraine
6. Iran (Nukes)
7. Peak gold
8. China and India demand
9. Mints running out of coins
10. It can’t go any lower

The price of gold a year ago was $1,292. With all the reasons to buy gold above, you would think gold would rise in price, right? Why hasn’t it?

10 Reasons Why Gold Has Fallen

1. A stronger dollar
2. Fed’s threat of higher rates
3. No inflation
4. No war (no fear)
5. Iran nuke talks
6. Drop in unemployment
7. Pays no interest (Treasuries do, albeit small)
8. Higher stock market
9. Low volatility
10. Lower demand

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