The David Lin Report · Friday, August 7, 2026
Gary Wagner contrasts gold's recent multi-month correction with the longer, multi-year correction experienced after the 2011-2012 highs. He notes that the current market appears to be moving at a faster pace, with gold finding a floor around $4,000.
“This time, we saw a multi-month and not a multi-year correction. It seems like things are moving at a much faster pace in which it did find the floor at $4,000.”
“Because remember, the last time we hit a record high, called 2011, 2012, and it runs from $1,000 to $2,000, it entered a multi-year correction in which it sold off until about, I believe the end of 2015, beginning of 2016.”