Chart Of The Day: Precious Metals Bear Market

Published 04/12/2015, 05:05 AM
Updated 07/09/2023, 06:31 AM
GC
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SI
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GLD
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SLV
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GDX
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GDXJ
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Today's chart of the day once again focuses on the precious metals sector, just like the past several days ago. Precious metals have been in a bear market since 2010/11 period, depending on which asset class we are discussing. Let us make a few observations:

  • Gold (via SPDR Gold Trust (ARCA:GLD)) peaked in early September 2011 and is currently down as much as 41% using intraday peaks and troughs
  • Silver (via iShares Silver Trust (ARCA:SLV)) peaked in late April 2011 (not shown in the chart) and is currently down as much as 71% using intraday peaks and troughs
  • Gold Miners (via Market Vectors Gold Miners (ARCA:GDX)) peaked in early September 2011 (just like spot Gold) and is currently down as much as 75% using intraday peaks and troughs
  • Junior Gold Miners (via Market Vectors Junior Gold Miners (ARCA:GDXJ)) peaked in early December 2010 (not shown in the chart) and are currently down as much as 88% using intraday peaks and troughs

Chart Of The Day: Performance of PMs and miners during the bear market

Precious Metals Bear Market

Source: Short Side of Long

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