Seasonals Suggest Year-End Rallies in Metals

The seasonal chart for gold shows an interesting pattern: we are coming in for a low at this time of year. However, there is a small rally that tends to occur in the second and third week of December. This will likely come this year in the form of a short-covering rally.

On the copper side, we can see a similar pattern. Bottoming in the second week of December, we should see a rally into the end of the year. Watch daily charts for triggers on individual stocks such as FCX.