Gold And Silver Price Seasonality…June Worst Month?

May 28, 2017

gold price direction

It is universally known that there are many, many sundry factors that can affect the price of gold and silver.  To name just a few: Political Environment, Value of the US Dollar and the Euro, Commitment of Traders, Possible Manipulation by the Fed, US Fed Policies Regarding the Level of Interest Rates, International Belligerent Turmoil, the Relative Value of the Stock Markets…and last but NOT LEAST THE SEASONALITY of Precious Metal Prices.

This analysis will only focus on THE SEASONALITY of Precious Metal Prices as there enumerable encyclopedic reviews of all the other factors affecting gold and silver prices. Specifically, what has been the average monthly price variance of the price of gold or silver for the 12 months over a period. In an effort to seek objectivity, we have selected Seasonality Charts from several pundit sources.

Gold Seasonality

There are sundry determinations for Gold’s Seasonality…and here are a few views.

(Source: TradePro Academy)

Although one can make several conclusions regarding each monthly performance for the price of gold, the one which stands out from a timely point of view is JUNE…which we are entering as I speak. CLEARLY, the month of June has on average been a down month for the price of gold. However, Caveat Emptor (let the buyer beware), because IT IS NOT GUARANTEED that the gold price will necessary decline in June 2017 (due to all the other above mentioned factors that can affect the price of the shiny yellow). NONETHELESS, whereas history does not assure a repeat performance of the past, it indeed demonstrates lines of probability that the gold price may decline this June.

Silver Seasonality

Like the June gold price, silver likewise demonstrates a pronounced weakness in the month of June.

Indubitably, the price of silver shows an average material price weakness in the month of June. But like gold, there are many factors which can alter the June Seasonality.  Consequently, it is best to be extra cautious this June regarding the price of gold and silver.

A sage old saying is:  Whereas history does NOT repeat itself…it definitely rhymes.

********

Gold-Eagle provides regular commentary and analysis of gold, precious metals and the economy. Be the first to be informed by signing up for our free email newsletter.
 

Free Gold-Eagle Newsletter!

  • Fresh weekly insights on gold, precious metals, and the economy
  • Leading authors from around the world
  • Always free
  • Stay informed!

 

Founder of Gold-Eagle in January 1997.  Vronsky has over 42 years’ experience in the international investment world, having cut his financial teeth in Wall Street as a financial analyst with White Weld. Vronsky speaks three languages with indifference: English, Spanish and Brazilian Portuguese.  His education includes a degree in Petroleum Engineering from the University of Oklahoma, a Liberal Arts degree from Hartnell College and a MBA in International Business Administration from UCLA – qualifying as Phi Beta Kappa and Tau Beta Pi for high scholastic achievements.  Vronsky believes gold and silver will soon be recognized as legal tender in all 50 US states…and many countries worldwide.  You may reach I. M Vronsky at: vronsky@gold-eagle.com and/or vronsky@bellsouth.net

The Incas thought gold represented the glory of their sun god and referred to the precious metal as “Tears of the Sun.”