If we have an 'average' third quarter for gold, we should expect to see a gold price of around USD $1400oz by the time we get to October. Looking at Q3 data...

Jordan Eliseo

The Perth Mint

If we have an 'average' third quarter for gold, we should expect to see a gold price of around USD $1400oz by the time we get to October. Looking at Q3 data from 1979 to 2013, on average gold increased 5.05% through the quarter, although since 2001 it has been increasing at 6.45% over this period. The largest movement was in 1979 of 43% when the drums of war beat (the Soviets went into Afghanistan in late 79) and as part of the huge run up to the 1980 gold bubble top at USD $850oz Even last year gold bounced strongly in the Q3 period, though this was partly just a response to the huge crash to sub USD $1200oz that occurred by end June 2013 Short blog (with graph) here (VIEW LINK)


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Gold bull since early 2000. Have spent +20yrs working in investment analytics, research & portfolio construction. Author of two books on investing in gold and the causes of the GFC. Lover of markets, competition & technology

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