Any Seasonality for Gold or Gold Miners?

Posted in Calendar Effects, Gold


Do gold and gold mining stocks exhibit distinct seasonality? Using monthly closes for the spot price of gold in dollars per ounce¬†and the S&P 500 Index since January 1979, PHLX Gold/Silver Sector (XAU) since December 1983, AMEX Gold Bugs Index (HUI) since June 1996 and SPDR Gold Shares (GLD) since November 2004, all through March¬†2016, we find that: (more…)

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