Weekly Gold and Silver: Don't sweat last week. Read this...

Buy Season is Lining Up Nicely

“We go long XAU/USD at 1869.18 with a target of 2000 and a stop-loss of 1800.”

Housekeeping: for Analyst and Journalist subscribers, please read the footnote at bottom.¹

Contents:

1. In Summary:

2. Credit Agricole Buys the Dip:

3. Government Shutdown Delayed:

4. Sell Season and Buy Season:

5. What Happens During Buy Season?

6. US Shutdown + Buy Season = Potential Fireworks

7. CTA Shorts: Fuel for the Potential Fire

8. CA Trade: Long Gold at $1869.18

9. Additionally:

10. Reports: CA, TD, Hartnett

11. Zen Moment: Metals Longs Take Fire

In Summary:

We tell folks every year.. do not get married to rallies between August and October. Hopefully noone did. The dry powder will be well-used come November².

Let’s dig in to why.

There are two separate but overlapping factors that can drive Gold and Silver much, much, higher between November and February.

1. Government Shutdown Postponed

2. Gold and Silver’s Investment Seasonality

We discuss them below in context of a long trade idea that Credit Agricole just undertook in their own house account. Full reports also included.