John Roque observes:
For every year from 2002 to 2010 gold has, at least, corrected to its 40-week moving average and been down, peak to trough on average 15.6% (see table).
Meanwhile, the overall trend of gold has been powerfully higher.
Click to enlarge.
Disclosure: Dorsey Wright currently has a position in gold. A list of all holdings for the trailing 12 months is available upon request.
HT: Barry Ritholz
