A site we manage dropped from #2/3 to #11/12 for a few top KW's that we mainly build inbound links for.
Our site is a 10+ year old site with plenty of inbound links and basically dropped about 10 spots. The rest of the sites that were there before are still there. The drop happened about 2-3 weeks ago.
Are others here also noticing the same type of rank drops for KW's that they have been building ongoing links for?