Gold in the Season of Santa, Milk, and Cookies

by Gary Christianson
Miles Franklin

STORY AT A GLANCE – week ending November 27:

– Gold prices made a significant low during November or December in 8 of the last ten years. Gold prices are low and over-sold as of Nov. 27.

– The gold to S&P 500 ratio shows gold is inexpensive compared to the S&P over four decades of history.

– Gold and silver price lows are due now—which means between mid-November and late December. Now, or soon.

– The GDX to gold price ratio bottomed in 2016. Expect gold to rally and gold stocks to rise faster in the coming years.

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