Jay Kaeppel at Optionetics writes about seasonal trends for U. S. Treasuries (link). The short and sweet version is January thru April are the worst four months, and four single months May, June, August and November are the best months to own bonds. As always seasonality is only one indicator, and one of the less dependable ones and one that gets easily jumped (eg: if traders expect a strong May, they will jump the trade and move that up to mid-April).
In a dated article from 2009, Jeff Clark addresses the question "What is the best month to buy gold?," specifically gold miners (link2).
I am tempted to play this by shorting gold using a Jun/Jul calendar put spread, or vertical put spread out to July. My history is that I tend to be early with these urges, so may just sit on the idea until I get more clarity or see some actual downside action. As always, calling top (or bottom) tends to be a low probability game.
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