Gold and Oil: Should You Sell in May?
Date Posted: May 3, 2016
Read time: 2 min
Bernie Lo of CNBC Asia welcomes Frank Holmes to the program, kicking off the discussion by looking for Frank’s thoughts on the age-old investing adage “sell in May and go away.”
Bernie Lo of CNBC Asia welcomes Frank Holmes to the program, kicking off the discussion by looking for Frank’s thoughts on the age-old investing adage “sell in May and go away.” Although Frank doesn’t follow this maxim, he says it is worth focusing on the seasonal pattern of commodities during the summer months, particularly starting in May when energy prices and gold have historically gone through a modest correction.
Frank adds that oil prices, as well as gold and silver prices, have seen significant moves recently, a key sign that we are due for a pullback. Tune in to the full replay below!
Past performance does not guarantee future results. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link above, you will be directed to a third-party website. U.S. Global Investors does not endorse all information supplied by this website and is not responsible for its content.
The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is also known as historical volatility.
The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns.
The ISM manufacturing composite index is a diffusion index calculated from five of the eight sub-components of a monthly survey of purchasing managers at roughly 300 manufacturing firms from 21 industries in all 50 states.
