On May 5th., Don said in one of his replies to a question that "
Seasonal influences for gold and gold stocks turn positive in July. Earnings reported by gold producers in the first quarter were horrible and will not be much better in the second quarter. Earnings and cash flow prospects improve thereafter. Best guess is that gold and gold stocks will move sideways until this summer. Look for a seasonal trade starting in July.
The caveat is that the seasonal trade could come sooner if the U.S. Dollar breaks key support at
82.63.
Click here to see his reply The next day Brooke Thackeray was on BNN and talked about gold near the 9:30 minute mark of the second part of the program. He mentions before or after July 27th., so his view sounds a bit different.
Click here.