The gold stock seasonal average is positive in December
Of course, any given year can deviate. But this cool tool I just found with TradingView charts just idiot proofs the seasonals for any given stock, ETF or index. In this case, the Gold Miners ETF is green on average in December. It is a streak unbroken since 2015.
The implication is that if it is to hold true again this year a coming correction low could be met with a big surge upward. Now, the question remains whether said low would be here at the 2nd test of the 200 day average, the black dotted breakout line and support just below it, or in an extreme situation, point ‘C’ of an A-B-C correction. Personally, I am open to all possibilities, especially given the December seasonal.
