Bear Market Rallies
There were seven bear market rallies during a period of just 14 months, and three of these lasted 6-8 weeks.
That means there was a rally about every other month.
All except one made it back to the 50-dma (green line).
Gains were a minimum of 7-8% and two gained 20% or more.
and compare the almost 65% increase in the HUI in just shy of a month—“Toto, we’re not in Kansas anymore”.
Oops, scratch that–wrong sector