Sell In May And Go Away?
"Sell in May and go away" is an old saying that we have heard in the gold business for years. It attests to the fact that the Summer is usually a quiet time for gold prices as most traders are vacationing far away from the trading floors. As a general rule, nothing much happens to gold prices in the Summer so traders will sell out their gold positions in May and lay low for the season.

Now, consider the following chart:


So much for old sayings! Which just goes to prove what I am always telling my clients: "trying to time an entry or exit in the gold market is like trying to catch a falling knife." And my second insight is similar to the first: "the best time to buy gold is always NOW!"

Trying to time the markets is a losing proposition and one that would have cost you 30% gains this Summer if you had sold in May and went away. Which brings me to my new "old saying," BUY TODAY AND GO AWAY!