The seasonals are saying that gold could be about to break its all-time high. The average return in gold between the 13th of December and February the 20th is over 4%. If the seasonal pattern repeats this year, according to its average, that will take gold to fresh all time new highs!

Therefore, with the Fed looking at pausing interest rates, the dollar dropping, real yields falling, and strong gold seasonals –  will gold be making fresh new highs before the end of the year?

The major trade risk here is from Fed policy that looks at hiking interest rates again.

Remember don’t just trade it, Seasonax it!