Pullbacks in Perspective
December 12, 2011 at 11:12 AM EST
By Jeff Clark, Casey Research 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. 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. Not surprisingly, silver’s biggest corrections are larger than gold’s. This is also true for the . . . → Read More: Pullbacks in Perspective