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Bespoke picked 1975 as the start date for their data collection. So their "averages" include the 18 yr bear market for gold between '82 and '01. Look back over the 7 years of this gold bull market and see that the average correction is not 34% nor does it last 18 months. The sharpest correction was in '06 and that dropped the price 25% over 5 weeks.
Aug 18 06:35 am
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All Comments by Gigem77 »This Gold Correction Has Further To Run [View article]
Understand also that the COT cutoff is Tuesday for the Friday report, so the high volume washout on Thursday and Friday is missing from the latest report.