Shades of 2019 in 2020

Another year-end rally is pending, and we are very likely to see prices back near $2050 and $30 by New Year’s Eve...

While the COMEX digital metals remain in pullback and consolidation mode, the price action may seem eerily similar to some in the sector. Why? Because it IS similar…at least when compared to 2019.

Let’s start with a look back.

As 2018 came to an end, the situation continued to look bleak for the precious metals. Prices for gold and silver had been in a range for over five years, and there appeared to be no end in sight.

However, if you were watching closely, you may have noticed that things had changed. Where the Fed had been tightening policy, it began to loosen. And where real, inflation-adjusted interest rates had been rising, they began to fall.

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