During Gold Bull Markets you get periods where POG can experience massive pullbacks in price. You just need to keep aware of the BIGGER picture.
The Gold Bull Market that commenced during early-2016 is showing signs of life again, however, major TL resistance has proven to be a hard line to break.
Between the 2001 and the 2011 high - POG increased by almost 600% from $280 to over $1900. A similar duration and increase in POG from the 2016 high proceeding the breakout, could have a POG over $9000 by 2026. http://bit.ly/2r9xsX6
Thanks for the post. This second phase will likely rise faster and increase by more than the 600% in my opinion.
I write about silver. Here is my latest post: https://steemit.com/silver/@hgmsilvergold/if-you-are-a-silver-and-gold-stacker-this-is-for-you
I think we'll see 600% within that timeframe too provided nothing major happens to the USD and it plods along to the beat of depreciating value as it's done since the inception of the FED. However, if a major currency crisis occurs engulfing the USD and global fiat in the process - you might as well change 10yrs to 10 days, or even 10hrs - and then you wouldn't be able to put a price on gold in $.
yeah, currency collapse/crisis changes everything.
I like how silver is looking right now :)