Seasonality in the Gold Equity Sector

Posted by Don Vialoux - Equity Clock

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Technical Action Yesterday
Technical action by S&P 500 stocks was bullish yesterday. Twenty six S&P 500 stocks broke resistance yesterday and none broke support. The list of stocks breaking resistance was too long to include in this report. The Up/Down ratio increased from 0.60 to (170/254=) 0.67.

Technical action by TSX Composite stocks also was bullish yesterday. Seven TSX stocks broke resistance (BCE, Brookfield Properties, CCL Industries, CI Financial, IGM Financial, Rogers Communications and Sherritt) and none broke support. The Up/Down ratio increased from1.06 to (92/81=) 1.14

Seasonality in the Gold Equity Sector

The gold equity sector has just entered its period of seasonal strength. Preferred strategy is to start purchasing gold equities and related ETF at current prices and to add to positions in weakness.Following is a series of seasonal studies on major gold producer equities.









Gold equity indices show the same seasonal pattern



Junior gold equity ETFs recently started to outperform big cap gold equity ETFs. Short term momentum indicators on both are recovering from oversold levels.



Technical Analysis and comment by the highly respected Don Vialoux of Timing the Market CLICK HERE for his full Report every day incuding Charts.

Don Vialoux has 37 years of experience in the Investment Industry. He is a past president of the Canadian Society of Technical Analysts ( and a former technical analyst at RBC Investments. Don earned his Chartered Market Technician (CMT) designation from the Market Technician Association in 1995. His CMT paper entitled “Seasonality in Canadian Equity Markets” was published in the Spring-Summer 1996 edition of the MTA Journal. Don also has extensive experience with Exchange Traded Funds (also know as Index Participation Units) as well as conservative option strategies. In 1990 he wrote a report that was released in the International Federation of Technical Analyst Journal entitled “Profiting from a Combination of Technical and Fundamental Analysis”. The report introduced ” The Eight Phases of the Stock Market Cycle”, an investment concept that continues to identify profitable entry and exit points for North American equity markets.   He is currently a member of the Toronto Society of Fundamental Analyst’s Derivatives Committee.   Now he is the author of a daily letter on equity markets available free on the internet. The reports can be accessed daily right here at