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Message: Seasonality - The Summer Doldrums

Gold prices keep smashing records giving miners hope they can escape the doldrums
Stocks of the world's largest miners have yet to catch the wave from bullion's rise

https://financialpost.com/commodities/mining/gold-price-records-give-miners-hope

EXTRACT: '"Citigroup forecasts bullion could hit US$3,000 per ounce in the next 12 months in a “bullish wildcard scenario” representing a 25.7 per cent increase from gold’s current price of US$2,388 that would be on top of the 23.7 per cent increase already logged by gold over the past six months."'

My comment: Given the rising central bank and institutional demand for gold bullion and the seeming absence of retail buyers (for the moment), we may find that the annual "summer doldrums" for mining stocks will partially fail this year. By that, I mean that while news will be slow as usual, price action will move with bullion prices. In that regard, it could be a HOT summer this year.

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