In order to spot similar patterns on the gold market, we should look at a seasonal chart first. In contrast to normal charts it does not show the price developments for a certain period. On the contrary, it shows the average price development for several years depending on the season. Therefore, an average based on the prices of 30 years is calculated. The chart's x-axis shows the month, the y-axis shows the price. Thus, seasonal patterns can precisely be recognized in the chart.
Is there such a thing as a gold season? Slogans like "Sell in May and go away" are well-known from the equity markets, and often seasonal patterns such as growing stock prices in the winter months or the year-end rally, are subject to statistical studies. Is there also a seasonal behavior in gold?
Published : November 20th, 2012
ผู้ติดตามบล็อก : 50 คน [
