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Any Seasonality for Gold or Gold Miners?

February 1, 2023 • Posted in Calendar Effects, Gold

Do gold and gold mining stocks exhibit exploitable seasonality? Using monthly closes for spot gold (various sources) and the S&P 500 Index since December 1974, 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 December 2022, we find that: (more…)

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