Since the Gold ETF (GLD) began trading, there have been 85 full months. December of 2011 represented a -2 Standard Deviation move down as the month ranked 83rd of the 85 in percentage return. September 2011 was the second worst (84 / 85) at -11.1%. GLD dropped -3.8% for the quarter (Q4) and was +9.6% for 2011, completing its 7th consecutive up year. The chart below uses the Monthly Returns page to rank all calendar month returns from low to high:
For fun, here is the date CNBC ran its special Gold Vault Visitvideo report.