Both the recent two commodity super cycles experienced major pullbacks several years into their bull runs.

最近的两次大宗商品超级周期，都经历过长达几年的价格回落，然后才进入牛市阶段。

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Much of this move was not due to ETF selling, but some technical pullbacks after stops were hit triggering further downside.

金价的这次波动并不是因为ETF的大笔抛售，而应该归因于一些技术性因素的阻挠，引发ETF(交易型开放式指数基金)进一步下跌。

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Ken Morrison, editor of online newsletter Morrison on the Markets, said historically gold has witnessed pullbacks every time it has made a new high.

Morrison网络新闻编辑Ken Morrison说，从历史上看每次创出新高后，金价总会出现一波回调。

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Now, I will allow some smaller positions some leeway to go through pullbacks and so on.

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We think there are a lot of buyers for stocks when we have these pullbacks.

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For now we are focused on buying small pullbacks in the strongest stocks on the board.

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