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April is gold’s fourth worst performing month
By Almanac Trader | March 22, 2017

Based upon continuously-linked, non-adjusted, front-month futures prices since 1975, April is the fourth worst performing month for gold and fifth worst for silver. In 42 years, gold and silver have advanced 18 times and declined 24 times in April. Gold has posted an average loss of 0.4% while silver actually recorded an average gain of 0.5%. Silver’s better average performance can be attributed to mighty gains of 15.2% in 2016, 28.3% in 2011, 18.3% in 2006 and 29.9% in April 1987. Gold and silver’s record over the recent 21 years (1996-2016) is better, but performance in April is still tepid. Gold up 12, down 9 average gain 0.4% in last 21 years while silver was up 8, down 13 with an average gain of 0.3%. Typical April performance can be seen in the following chart. Note weakness ahead of the eleventh trading (approximately tax deadline).



http://jeffhirsch.tumblr.com/post/158710577383/april-is-golds-fourth-worst-performing-month

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