MAJOR MARKET CORRECTIONS (Guest in Mountain Time)
The stock market just took a major downward correction as gear grips the financial markets.
Conducting Talk Shows the topic of major market corrections is Swiss America CEO, Craig R. Smith who compares the historic stock market corrections with the corresponding corrections in the precious metals markets.
The following is list of the last six major corrections since 2003. During this time, gold has risen and average of 36%.
Instead of getting caught up in the media hype over today's gold's price correction, look at the facts. The chart illustrates there have been seven major corrections in the current long-term bull market in gold since 2003:
1. 2003 - Gold at $382 dropped to $319 (-16%)
2. 2004 - Gold at $425 dropped to $375 (-13%)
3. 2005 - Gold at $536 dropped to $489 (-9%)
4. 2006 - Gold at $725 dropped to $560 (-22%)
5. 2007 - Gold at $841 dropped to $778 (-8%)
6. 2008 – Gold hit $1002 on Mar 17 then dropped to $786 on Aug 15 (-21.5%)
7. 2009-10 --Gold hit $1215 on Dec 7th then dropped to $1060 today (-14.6%)
Craig R. Smith stated, “This means we could see gold prices rise above $1,400/oz. before the next major correction, if this pattern continues.”
As a guest on your show, Craig Smith would like to make available to your audience a FREE Swiss America Special Report, The Incredible Shrinking Dollar: How to Fight Back, just by calling 800-289-2646.
ABOUT YOUR EXPERT GUEST CRAIG R. SMITH
Craig R. Smith is an author, commentator and popular media guest because he instantly engages audiences with his common-sense analyses of local, national and global trends.
Serving as CEO of Swiss America for over 25 years, Craig understands that Americans want solid answers to the tough questions and that real leadership begins with servanthood.
Craig is the author Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil, which he co-authored with author Dr. Jerome R. Corsi.
Sample TV interviews conducted by Craig R. Smith may be viewed at: