Looks identical to the GFC 67% down from highs for hui in 2008 55% down from highs for XGD in 2008 Today - we are nearly there at 2008 lows Remember Gold was $1000 (corrected to $700 or 30% back then) Oil was also at $150 a barrel This may be overdone - but technically all the crap in the charts need to be worked out, a bottom found and and that big run from 2011 in Gold and Silver to be retraced - just to relieve the tension of the last 2 freekin years. Its hard to go through, but it healthy. I wont be surprised if metals will be kinda tight and premiums will not reflect the paper price again (like 2008) When/if that happens - you know the physical market is setting the bottom (not the paper market). When you see the buy/sell spreads on the stocks widen... the market is running out of sellers.
