AAAU - Crash Metrics Comparisons And Gold Ain't A Hold

Overview:

An informal Wall Street definition of a bear market is down 20% from the highs. As of now, that’s what we’ve entered.

Yes, it’s been brutal for the longs and in many respects unprecedented. But by and large, the markets always confront an array of similar problems as they progress from bubbles to crashes. The reason: Human nature hasn’t changed much if at all over the last, say, five thousand years or so. Prices bubble up and speculators are not repelled but instead attracted by rising prices. On the way down, every long rides