By Mark Hulbert, Columnist
CHAPEL HILL, N.C. (MarketWatch) — Gold’s seasonal tendencies shift as September gives way to October.
In contrast to September, which historically is one of the best months for gold, October is one of the worst.
The accompanying chart plots the historical data. Since 1973, London gold bullion has produced an average loss of 0.1% in October, in contrast to an average gain of 0.8% in all other months.
September, by the way, sports an average monthly gain of 2.2%. That means there’s a 2.3 percentage point drop in average monthly returns from September to October.
One reason to pay attention to these seasonal tendencies: October’s poor showing has been consistent across the decades...