Melman on Gold & Silver
January 2021 by Leonard Melman
…this being our January 2021 edition, we offer our forecasts for gold and silver during the coming year. Hint: I hope I am not being overly-optimistic.
Talk about “déjà vu!” Americans woke up early morning Tuesday, November 6 with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority. They went to bed late Tuesday night with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority.
These moves were the first serious interruption to the bull market, which had not encountered a serious decline since the election of November, 2016. Since general market moves have been one of the most reliable historic indicators of precious metals market moves, we take a close look at these developments.
In all the years I have been writing this column (approaching 35) and in my writings elsewhere, I have to admit that I never foresaw the kind of immense changes that have been wrought during the past two months…
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.
Many gold and silver observers have been more than slightly concerned regarding the lack of any sustained rally...
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