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The Dines Letter's June Seasonalities

By James Dines
The Dines Letter

        Stocks: Since 1961 June has been a down month more than twice as often for the DJI as up, with 33 downers and 16 gainers. Ten of those sixteen exceptions took place in the raging bull markets of the 80s and 90s, which are behind us, so June's traditional negativity should reassert. May Tops typically transit through June, usually evolving into the traditional "Summer Rally" in July or August. Spring declines often bottom out in June, while July or August rebounds introduce more-positive seasonal markets. It is no surprise then that June ranks as the second-worst month for the Dow and also the S&P 500 in the last 60 years.
        Golds: The Dines Gold Stock Average (DIGSA) in the last 42 Junes has risen 16 times and declined 26 times, so seasonal percentages are 62% bearish for gold shares this month. The Dines Silver Stock Average (DISSA) is also bearish 62%; up 15 and down 24 times in the past 39 years."
       Editor's Note: James Dines is editor of The Dines Letter, P.O. Box 22, Belvedere, CA 94920, 1 year, 14 issues, $295. www.DinesLetter.com