unemployment reports support our key takeaway that gold and silver are ripe to resume their bull markets,” McGlone said in a note.
In a world of rapidly advancing technology and seemingly unlimited fiscal and monetary stimulus attempting to offset deflationary forces, the ratio of the price of gold vs.
“The worst of the gold correction appears over, and we see technical and fundamental drivers pointing to a resumption of the bull market.
“Silver’s fundamentals are likely to improve in 2021, with demand possibly up more than 10% from 2020, driven by industrial applications in particular.