Maybe it's different this time.

Good luck on Fed Vortex Hell Trading Day.

The odds of this gold correction being over don't look good to me.

Finally, over the past decade gold basically hugs and reverts back to the 50dma. We have a few hundred points to go.

Average peak to trough was 5-months.

Remove the 17-month tail and that number shrinks to 3-months.

Here is a table that shows the top 11 peak to troughs since this secular bull started in 2006.