After drifting slowly lower for months, gold has been crushed in the past few days as the following charts show.
Gold Daily
click on any chart for sharper image
Gold 30 Minute
Silver is pretty much the same story as gold.
Silver Daily
Silver 30 Minute
This certainly is a steep correction, but does this mark the end of the gold and silver bull markets, and the everlasting triumph of paper currency backed by nothing?
Before you decide let's look at a historical chart courtesy of Sharlynx Gold.
Gold 1974-1979
click on any chart for sharper image
Source: http://townhall.com/columnists/mikeshedlock/2013/04/16/gold-silver-hammered-n1568764
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