With what is happening with the price of gold these past few days it is imperative to take a look at the long and short of it all (the trends, that is). In doing so it shows that we are still very much in a long-term bull market but in a short-term (yes, short-term) bear market. Let's take a look at some charts that clearly outline where we are at and where we could well be going.

Physical Gold

As can be seen in the graph below the 70s experienced 2 major bull markets and an 18 month bear market in between while continuing to trend upwards.