The Strange Behavior of Gold Investors from Monday to Thursday

Known and Unknown Anomalies Readers are undoubtedly aware of one or another stock market anomaly, such as e.g. the frequently observed weakness in stock markets in the summer months, which the well-known saying ‘sell in May and go away’ refers to. Apart from such widely known anomalies, there are many others though, which most investors have never heard of. These anomalies can be particularly interesting and profitable for investors – and there are several in the precious metals sector as well. Today I am going to introduce one of those to you.
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Gold investors dead asleep for days? To this end we are going to examine the performance of gold and gold stocks broken down by days of the week.
The first chart shows the annualized performance of the gold price in USD terms since 2000 (black bar), as well as the annualized gain generated on individual days of the week (blue bars).

This post was published at Acting-Man on November 8, 2017.

 

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