- What should we remember from the PDAC 2018?
- Why didn't I come up with this any sooner?
Ever heard of the PDAC curse? Quite often, mining stocks plunge right after the annual PDAC meeting mid March. The seasonal pattern of the gold price is not very favorable in that particular period of the year. Right after the Chinese new year in February, physical gold demand tends to slump. You often hear Frank Holmes talk about gold in terms of 'The Love Trade'. Especially in the big Asian emerging economies, gold is appreciated as a wedding gift. This tradition is firmly underpinned by weak currencies and above average inflation. Early summer is when the interest in physical gold should return. Moreover the 2018 Ramadan ends mid June, sparking also demand in the Arab world.
