Loading ...Seasonality – for Whatever it’s Worth
Interesting at this exact point in time, to say the least.
(I know, I know, it’s just one tool in the toolkit!)
Gold – Seasonal Chart (1976 – 2015) Moore Research
US Dollar Index – Seasonal Chart (1985 – 2015) Moore Research
Yes same with the miners. Buy at the end of July and hold on!
https://goldtadise.com/?p=406591
Didn’t quite work out like that last year though…
“Didn’t quite work out like that last year though…”
You’re right – it didn’t. But the rally was contra-seasonal, wasn’t it? Gold rallied strongly from January until late March, then corrected downward until late May, and then powered up into a top by early July ($1,377.50 on 07/06/16), just when seasonality expected a low. So it wasn’t a great surprise that the seasonals would be inverted in 2016 (AKA as “wrong”!).
I’m sure there is some validity in seasonal moves in gold and currencies, but I only give a lot of weight to seasonals in the grains.
Also some interesting cyclicality, though my work is mostly bearish at present.
https://goldtadise.com/wp-content/uploads/2017/07/Gold-Daily-Weekly-07-05-17.pdf