http://www.clivemaund.com/

The years following 2005 saw the boom phase of the Gold and Silver bullmarket, until they peaked in 2011. While there is ongoing debate about whether that was the final high, it is not believed to be because of the continuing global debasement of fiat. The bearmarket since 2011 is viewed as being very similar to the 2-year reaction in the mid-70’s, which was preceded by a powerful advance and was followed by a gigantic parabolic ramp. The Precious Metals should come back into their own when the various asset bubbles elsewhere burst, which looks set to happen soon now.