Rick Rule lays out the current state of the Precious metals market perfectly.
"I'm old enough to remember the decade of the 1970s where the gold price ran 27 fold. 4 times in that decade there were pullbacks of 25% or more and in 1975 the market pullback by 50% without derailing the bull market... It's more important to focus on the reasons why the bull market exists."
Has the US debt disappeared?
Will the debt ever be paid off?
Will the FED ever stop printing money?
Until the answer to the above questions is yes, then the Gold and Silver bull markets are intact.