« Percentage of Stocks Above 50-Day Moving Averages | Main | Market Internals »
With a decline of over 2% overnight, gold is the latest commodity to hit bear market territory. The commodity is now down 21.5% from its highs during the collapse of Bear Stearns. As highlighted below, gold is now at its lowest levels of the year and down over 6% YTD. Looking back at the prior eleven bear markets in gold, the average decline has been just under 34% over a period of 18 months.
Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8349edae969e200e553e736528833
Listed below are links to weblogs that reference Bear Market Gold:
This is only a preview. Your comment has not yet been posted.
As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.
Having trouble reading this image? View an alternate.
Comments