Keep in mind that this is an 'average' and that exogenous events can greatly affect the normalized results.
Chart courtesy of friend Brian at ContraryInvestor.
Gold Seasonality with Gold 2010 Daily Price Chart Overlay
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
Keep in mind that this is an 'average' and that exogenous events can greatly affect the normalized results.
Chart courtesy of friend Brian at ContraryInvestor.
Gold Seasonality with Gold 2010 Daily Price Chart Overlay