20% Discount on Gold - Chart

Here is a chart from late 2009.  Gold ran from the summer 904 low to Thanksgiving 1227 high.   A 35% gain.  In early 2010, gold fell to 1044.   A 15% drop.

The chart below show gold has dropped 20% from the late summer highs.  

Think of this as a 20% discount off gold.  What is happening is normal and has allowed you to save cash during the rally and use it to buy today.   Think of yourself inhaling and exhaling and then look at then charts.