Nothing Goes Straight Up — And That’s Not a Bearish Signal Let’s start with something simple. Nothing in markets moves straight up forever. If gold runs from $3,000 to nearly $5,000 in a powerful surge, you’re going to get a correction. That’s not the end of the story — that’s the market catching its breath. I’ve been around long enough to see this pattern repeat over and over again. In every major metals bull market, you get violent pullbacks that scare people out right before the next move higher. It’s part of the cycle. The recent selloff in gold — and especially in mining stocks — did psychological damage. No question about it. When mining equities get cut in half…
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