(Mike Maharrey, Money Metals News Service) Gold broke below $4,000 an ounce on Wednesday. This 28 percent drop from the record highs of January is certainly painful, but deep corrections are not unusual in a bull market.
In a recent note, Solomon Global managing director Paul Williams said investors need to put the recent price movement into perspective, noting that there were several big corrections during the secular bull market of the 1960s and 1970s.
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