Melman on Gold & Silver
August 2019 by Leonard Melman
After six years of primarily sideways action, gold broke decisively to the upside by breaking above strong resistance between $1,350 and $1,400 by soaring to near $1,450 before correcting moderately.
What gives this illustration great importance is America may be facing the same kind of dilemmas that have brought Japan’s market such long-term grief.
From the point of view of the precious metals, an upside breakout would have clear inflationary implications, which should benefit...
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