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TSE:HUG
Horizons Gold ETF (HUG.TO)
Financials 
Technical Analysis 
Aug 21, 2026, 12:00 amThis summary was created by AI, based on 1 opinions in the last 12 months.
Horizons Gold ETF (HUG-T) has shown strong performance this year, following a pattern of consolidation and rally. According to the latest review, gold has been experiencing significant fluctuations, culminating in a strong rally into September and October, followed by a pullback. Despite these dynamics, the seasonal strength of gold appears to have peaked, leading some experts to recommend selling at this juncture. The critical price point to watch for HUG-T is below $25, which would indicate a breakdown. Experts suggest reevaluating the stock during the upcoming seasonal period in December, indicating potential interest based on seasonal investment strategies.
It is about the seasonality of gold, which does well this time of year. It is hedged for currency. It is reaching a very important resistance level and if it breaks it then it will go higher until the middle of October.
Don VialouxGold tends to do well at this time of year. Supply basically remain fairly constant over time, but the demand picks up in the 4th quarter because of the Indian wedding season. The fabricators need to buy the gold, which happens in the summer months.
Brooke Thackray
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(A Top Pick Aug 25/17. Up 0%.) The best time to own gold and gold equities is around the end of July through until the beginning of October. There are 2 weeks left before the seasonal trade is over. If you do see a little bit of strength, he would suggest you take some money off the table during the next 2 weeks.