Even after all of this, silver is STILL above the critical $18.22/ounce level, which marks the support for its bull market and gold is just over its support line of $1,475. You don't want to see either of these break to the downside.
The Competitive Devaluation process, which I've highlighted on multiple occasions, must be managed in baby steps by government and their central banks, not uncontrollably, or fiat currencies will face panics.
On Friday, my wife and I drove two and half hours from Milano to the foothills of the Matterhorn, the most famous mountain in Europe, and hiked from Breuil-Cervinia to the waterfalls that are running this time of year. In town, a local guide told me about the movement of the glacier we saw up high. It is so slow that you'll never notice it with the naked eye, but if you monitor it for a decade, you won't believe the difference that water underneath the glacier is making; it is MOVING.