In the 1970s, gold went down 50% for 2 years, flushing speculators out. It then went on to give a 850% return. Such moves are typical of a bull run, be it in stocks or commodities.
Gold is now only down about 16-17% from its $1900 high in 2011.
Silver is already down 41% from its $49 high in 2011.
Compared to 2009, gold is up 66%, and silver is up 115%
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