Raj K. Kohli

(Indiana University South Bend, South Bend, IN 46634, USA)

 

 

Abstract: This study examined the day-of-the-week effect and January Effect in the precious metals copper and aluminum for the period August 27th 1987 through October 12th 2012. The results of this study indicate the presence of the day-of-the-week effect in both copper and aluminum markets. The results of this study also indicate that there may be a daily seasonality in the variance of these metals. However, the findings of this study shows that January effect in the copper and aluminum markets does not exists in the mean returns or variance of these metals.

 

 

Key words: day-of-the-week effect; January effect; precious metals

 

JEL codes: G100, O16