• 1,230 days Will The ECB Continue To Hike Rates?
  • 1,230 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,232 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,632 days Could Crypto Overtake Traditional Investment?
  • 1,637 days Americans Still Quitting Jobs At Record Pace
  • 1,639 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,642 days Is The Dollar Too Strong?
  • 1,642 days Big Tech Disappoints Investors on Earnings Calls
  • 1,643 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,645 days China Is Quietly Trying To Distance Itself From Russia
  • 1,645 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,649 days Crypto Investors Won Big In 2021
  • 1,649 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,650 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,652 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,653 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,656 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,657 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,657 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,659 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Pullbacks in Perspective

If you're bullish about the long term for gold and silver, it's mouthwatering to watch them undergo a major correction after taking earlier profits that added to your deployable cash. For a little historical perspective on pullbacks, consider the following charts.

Major Gold Corrections in the Current Bull Market

Returns 3 Months After the Bottom

The current 15.6% gold decline, while considered a "major" correction, is not out of the ordinary, particularly following the late summer spike. And after each big selloff, there was a price consolidation phase that in every instance led to higher prices. The message: hold on, and buy the big dips.

Major Silver Corrections in the Current Bull Market

Returns 3 Months After the Bottom

Not surprisingly, silver's biggest corrections are larger than gold's. This is also true for the rebounds; they've been quite dramatic. If we apply the biggest three-month recovery of 44.3% to the current correction, that would take silver to $40.63... meaning we probably shouldn't expect $60 silver by year-end.

 


There's still time to capitalize on the anomaly in the metals market that will bring amazing profits to those who are positioned for it. This report will help you get started... and offers a special bonus, too. Don't delay - the tide could turn very soon.

 

Back to homepage

Leave a comment

Leave a comment