---
title: Gold is giving us a lesson in statistics. Yesterday's −5.7% move is a rare 4.46-sigma move.
description: "In a “normal” world, that’s once every 240,000 trading days. In reality −4.67% to −6.00% occurred 34 times since 1971, i.e. in 13,088 trading days (0.26% = 1 in 385 days). \n\nEven bigger drawdowns happened 21 times since 1971. \n\nMessage: Gold is NOT low-vol. \n\nFOMO caused the latest leg up. Now, profit taking and weak hands got shaken out. \n\nMeans? Statistically speaking, chances are that calmer days are ahead. \n\nSource: Alexander Stahel 🌻@BurggrabenH on X"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Gold is giving us a lesson in statistics. Yesterday's −5.7% move is a rare 4.46-sigma move.](https://blog.syzgroup.com/syz-the-moment/gold-is-giving-us-a-lesson-in-statistics.-yesterdays-5.7-move-is-a-rare-4.46-sigma-move)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Oct 22, 2025, 12:18:06 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/gold-is-giving-us-a-lesson-in-statistics.-yesterdays-5.7-move-is-a-rare-4.46-sigma-move)

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