The Dines
Letter's Seasonalities: June
By James Dines, editor
The Dines Letter
1.
Stocks: Since 1961, June has been a down month for the
DJI nearly twice the time, with 26 downs and 14 gainers. Note
that ten of those 14 exceptions took place in the bullish `80s
and `90s, which are behind us, and so the traditional June negativity
should reassert. May Tops typically transit through June, usually
evolving into the traditional "Summer rally" in July
or August. Spring declines often climax in June, while July or
August rebounds introduce more-positive seasonal markets. It
is no surprise then that June ranks as the fourth-worst month
for the Dow during the last 52 years.
2. Golds: The
Dines Gold Stock Average (DIGSA) in the last 33 Junes has risen
13 times and declined 20 times, so seasonal percentages are 61%
bearish for gold shares this month. The Dines Silver Stock Average
(DISSA) is also bearish (57%): up 13 and down 17 times in the
past 30 years.
Editor's Note: James
Dines is editor of The Dines Letter, P.O. Box 22, Belvedere,
CA 94920, 1 year, 17 issues, $195.
