GOLD 0.51% $1,391.7 gold futures

Here is another history lesson. When gold crashed in January...

  1. 24,765 Posts.
    Here is another history lesson.

    When gold crashed in January 1980 from its spike high just below US$900 our Gold Index quickly corrected from a high near 700 to 500.

    But gold then made a bear market rally and peaked later in 1980 in the low US$700s. As that bear market rally occurred our Gold Index rose 160% and peaked above 1300!!

    So it is possible that gold shares might even rise 100% or more AFTER gold peaks in this generational bull market. Of course that is not guaranteed, but it is something to think about.
 
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