Precious Metals Sentiment

With the recent volatility in gold and silver prices, it would be nice to get an idea of what sentiment is like. Measures of sentiment tell us if there is too much optimism or pessimism in a particular market. There are a number of sentiment trackers for stocks, but very few for precious metals. One that we track is the premium or discount on shares of Central Fund of Canada (CEF).

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6-Month Unfavorable Seasonality Period Approaches

Next Wednesday, May 1, begins a six-month period of unfavorable seasonality, of which we are commonly reminded by the saying “Sell in May and go away.” Research published by Yale Hirsch in the Trader’s Almanac shows that the market year is broken into two six-month seasonality periods. From May 1 through October 31 is seasonally unfavorable.

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