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GoGold Resources Inc. (TSE:GGD.TO) Seasonal Chart

Seasonal Chart Analysis

Analysis of the GoGold Resources Inc. (TSE:GGD.TO) seasonal charts above shows that a Buy Date of December 22 and a Sell Date of May 12 has resulted in a geometric average return of 28.49% above the benchmark rate of the S&P 500 Total Return Index over the past 9 years. This seasonal timeframe has shown positive results compared to the benchmark in 8 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 9 years by an average of 34.75% per year.

The seasonal timeframe correlates Fairly Well with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.

A word of caution: Only 9 years of data is available for shares of GGD.TO, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

GoGold Resources Inc is a Canadian-based mining company. It engages in the business of exploration, development, and production of gold and silver. These processes are primarily carried in Mexico by the company. The mining project owned by the company include Parral mine project which is in commercial production. The company generates revenues from the sale of gold, silver, and the other by-products.

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