If you’re familiar with Mike Maloney, you probably know he (and I) actually like it when gold and silver prices correct. It gives us an opportunity to add more ounces at a better price.
But not every investor likes corrections. For some it’s worrisome. Others want to know why the price is falling. Still others wonder if the correction is over and a good time to buy.
The recent drop in gold and silver brought up these concerns again. So I thought it was time to examine that abrupt selloff and compare it to other corrections during similar periods. By viewing corrections in context, and through the lens of history, I think you’ll see that yes indeed, corrections are nothing buy buying opportunities in bull markets.
Let’s look at the two biggest gold and silver bull markets and compare them to today, starting with the granddaddy of them all, the late 1970s…
https://silverseek.com/article/heres-every-gold-silver-correction-their-two-biggest-runs-vs-today
About the author
An accomplished analyst, author, and speaker, Jeff Clark is a globally recognized authority on precious metals. The son of an award-winning gold panner, with family-owned mining claims in California, Arizona, and Nevada, Jeff has deep roots in the industry. An active investor, with a love of writing, Jeff eventually became a mining industry analyst, including 10 years as senior editor for the world-renowned publication BIG GOLD. Jeff has been a regular conference speaker, including at Cambridge House and Sprott Resources events, the Silver Summit, and many others. He currently serves on the board at Strategic Wealth Preservation, a bullion storage facility in Grand Cayman, and provides analysis and market commentary for GoldSilver.com.