UBG - Gold Corrects But The Bull Market Remains

In 2004, the price of gold began moving higher to above the $400 per ounce level. However, it was not until 2006-2008 that the price began its trek to the upside that took the price above the 1980 peak at $875 per ounce. A look back at the price action from 2004 through 2011 when the yellow metal traded to its all-time peak in US dollar terms shows that there were more than a few periods where the gold market suffered significant downside corrections. The most severe selloff came in the aftermath of the 2008

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