So, where are we at with the gold miners analog?
Well, so far, the analog has been working amazingly well (for months, actually), and I'm going to suppose we're in about mid-August 2008. Here are the past and present charts.
On a percentage basis, we fell almost exactly the same amount as in 2008, and if the analog continues to hold, we've got a bit of a bounce in the offing. Once that bounce is over – – again, assuming the analog holds – – a more severe drop is just around the corner. I've put an arrow at the spot that I think we are approximately located right now.
