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An international gold company that currently operates gold mines in Turkey and Brazil. The Company has a background in acquiring, discovering and developing quality gold assets.
I have gone through over a hundred years of data at a very granular level and gold has an early year bounce seasonally, after a seasonal autumn/Christmas trough, in something like 95 % of the cases. There are some reasons the seasonality persists even though one would think goldbugs would arb it away. I expect the seasonal bounce and worries about global geopolitical and economic dysfunction, to offset in the short term, the growing realization that the inflation everybody has been worried about will take a while to bite and short term we may have some serious disinflation and persistently sloppy global economy. Gold is more seasonal than energy and other nonprecious metal commodities. EGO is also oversold on arb against their target Europpean Goldfields. A bounce should happen over the next couple months.
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