Last week was a challenging one for gold investors. Gold prices have been on the downside.
Although the yellow metal has been on a spectacular 11-year bull run, recent strength in the economy has some thinking gold's heyday is over.
As I often say, investing, like life, is about managing expectations-even throughout gold's decade-long rise, price action over the short term can go both ways.
It helps to look at what happens after short-term drops.
For example, looking at the past decade of one-day 5% declines in gold, you can see that this event is pretty rare.
In 2006, gold dropped more than 5% in a day only two times. In 2008, there were three such events.
Another one occurred at the end of this February. Take a look: