Every market has its cycles. Some of them are short, some are long. Gold, silver, precious metals, the real estate market, stocks, bonds - all of these have experienced their fair share of ups and downs. After a pullback, going back up can be a long process - a market cycle can take years. Gold was at its peak in 2011, after that its price was in decline for five years before it slowly began a new market cycle. Now it’s in a visible uptrend.