GOLD $1228 heading into BUYING Season

On average seasonally, gold rallies about 5% between mid-August and late September and then another 12% between late October and late February. Together these rallies average around 14% in the autumn and winter buying season. If gold rallies 14% this year from its recent late-July low, we'd be looking at $1325 before next spring.

Gold stocks are a leverage play 2x Gold price. The Gold Bug Index $HUI is showing strength since late July, up 10%. A strong seasonal move in the Autumn will see Gold stocks rise 24% and result in the $HUI breaking 500, hiting 580. I use the Blackrock Gold fund 1380p to invest in Gold shares. It has been the BEST fund over 10 years rising over 600%. A 24% rise in the fund gives a price target of £17 next spring.