October 21, 2026

Echoes of 2008

  • By Tavi Costa, Founder & CEO
  • 12 min read

Gold has already corrected nearly as much as it did in 2008.

Echoes of 2008

Gold has already corrected nearly as much as it did in 2008.

Yet many are acting as if the selloff has only just begun.

I see an opportunity.

If this is the secular bull market I believe it is, we won’t get many chances to buy after a pullback like this, in my view.

--

In this report, I’ll explain why I remain focused on gold and silver miners, revisit the opportunities in Latam, and connect those ideas with what I’m watching in rates and the monetary system.

As always, no shortage of views and charts.

The image shows a graph depicting the fluctuating monthly gold prices, with a noticeable downward trend from 2000 to 2004, and a subsequent increase until 2014, followed by a slight drop and then a recovery, leading up to the projected future trends.

AI-generated content may be incorrect.
Sincerely,

Tavi Costa | Chief Executive Officer
Azuria Capital LLC
[email protected]

Important Disclosures

This research report has been prepared for informational purposes only and does not constitute an offer or solicitation to buy or sell any security or other financial instrument, or to participate in any trading strategy. The information contained herein has been obtained from sources believed to be reliable, but Azuria Capital LLC makes no representation or warranty, express or implied, as to its accuracy or completeness. Any opinions or estimates contained in this report are current as of the date of this report and are subject to change without notice. Past performance is not indicative of future results. Investors should consider this report as only a single factor in making their investment decision and should obtain independent financial, legal, and tax advice before making any investment decision.

Investment in financial instruments involves significant risk, including the possible loss of principal. The value of and income from any investment may fluctuate and may be affected by changes in interest rates, foreign exchange rates, credit conditions, and the price or volatility of underlying instruments. Certain investments may be speculative, may involve substantial risks, and are not suitable for all investors. Before acting on any information in this report, investors should evaluate whether it is suitable for their particular circumstances and consider consulting their own professional advisers.

Azuria Capital LLC, its affiliates, and/or their respective directors, officers, and employees may, from time to time, have long or short positions in, act as market‑maker for, or buy and sell the securities or derivatives (including options) of the issuers mentioned in this report.

Share

Azuria Capital Subscribe

Subscribe

Get the Latest News and Updates

Subscribe