Thursday , 28 March 2024

Tag Archives: inauguration years and gold

Gold Stocks Go Up Dramatically In Inauguration Years – Will Another +20% Increase Occur This Year?

President Obama will be sworn into office for a second term on January 21 and that's good news if you own gold stocks. Why? Because gold stocks, [as represented by the XAU] have increased, on average, by 20% during inaugural years since 1985 (28% in 2005; 36% in 2003). While there's no real rhyme or reason as to why gold stocks thrive in inauguration years - statistical anomaly or otherwise - it is yet another reason to buy gold stocks right now. Words: 312; Charts: 1

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