How I Know another Gold Correction Is Coming
Written By: Jeff Clark | Posted: Monday, July 4th, 2011
The gold price has been rising steadily for almost a year now, with nary a correction. It fell only 4% last month, and the biggest decline since last July was January's 6.2% drop. These barely register as "corrections" when one considers that we've had 18 of them greater than 5% since the bull market began in 2001.
We're getting used to a persistently rising gold price. Any decline is met with more buying, pushing the price to new highs. But how long can we realistically expect this pattern to continue?
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