With gold and silver getting hammered over the past week, it's worthwhile to step-back and take a look at the last 10 years. As you can see this recent drop is barely a blip on the chart. Don't expect gold and silver to immediately zip back to their old highs. This recent sell-off has caused a lot of technicial damage and it may take a few months of building a base before we really start grinding higher again. However, the important thing to remember is that nothing has changed. The European sovereign debt crisis is still there, real interest rates are negative in most developed countries, the U.S. will run trillion dollar deficits until forever, central banks around the world are printing money like crazy and the Asian populations who adore gold continue to rapidly gain prosperity.
