By Jeff Clark, BIG GOLD
While the gold price has had plenty of big corrections since late 2001, they’re not so concerning when viewed beyond a day-to-day basis. In fact, if one resists checking the gold price except once a quarter, one might wonder what all the fuss with price declines is about.
You’ll also notice that the September decline, when measured monthly, was our second biggest in the current bull market (and third when calculated daily). This suggests to me that unless we have another 2008-style meltdown in all markets, the low for this correction is in.It also implies that pullbacks represent buying opportunities.
It demonstrates that one could buy any 8% drop with a high degree of confidence. Keep that in mind the next time gold pulls back. READ MORE…