Gold’s 27% Drawdown Matches 2008 and COVID Almost Exactly. That’s Not a Warning.

Gold has fallen roughly 27% from its January 2026 high — almost identical to its drawdown in 2008 and during COVID. Both of those corrections resolved to significant new highs. Jeff Clark breaks down what history says comes next, why central bank buying hasn’t slowed, and the third historical parallel that makes this moment even more precise than either prior comparison.
Oil Spiked 8%. Gold Went Up Anyway. Here Is Why This Time Is Different.

Brent crude surged 7.9% on July 29 after Iran fired missiles at US forces. Gold rose anyway. Here is why the standard suppression chain broke — and what the US Strategic Petroleum Reserve’s 43-year low means for every future oil shock.
