Loading ...Gold has violently plummeted by over 10% in the past six days and yet this chart reveals the last 10 times this has happened, gold has risen 8.9% in the next 2 months.
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Gold has plummeted by over 10% in the past six days, a violent correction that has shaken the conviction of even the most ardent bulls. But as Mark Twain famously said, “History doesn’t repeat itself, but it often rhymes.”
The historical data provides a powerful and compelling reason to believe that this crash, far from being the end of the bull market, is actually a generational buying opportunity.
As the chart above illustrates, this is not the first time gold has experienced such a dramatic selloff. In fact, over the past 40 years, there have been 10 prior instances where gold has fallen by more than 10% in a six-day period. The results that followed have been nothing short of spectacular.
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