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Applied Economics Letters Volume 17, 2010 - Issue 9
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Original Articles

Lunar seasonality in precious metal returns?

Brian M. Lucey International Integration Studies, Sutherland Center and School of Business, Trinity College Dublin, Dublin 2, IrelandCorrespondence[email protected]
Pages 835-838 | Published online: 30 Mar 2009
 
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Abstract

We demonstrate for the first time the existence of a lunar cycle on precious metal returns. This appears to be more pronounced in silver than gold, with very little evidence for an effect in platinum.

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