Buys during these consolidation periods (periods defined by range bound trading), have more often than not proven to be excellent entry points into gold through the course of this bull market. While not true of every summer, these consolidation periods have also frequently coincided with what we refer to as ‘the summer doldrums’, a seasonal pattern of tempered price movement and quiet, low-volume trading. What’s really interesting is what seems to happen in the wake of a quiet summer. Check out this graph:
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