David Morgan notes that it’s no secret that the precious metals markets have been in a decline since 2011. While they stabilized in 2016, they basically did nothing in 2017. 2018 looked like it was off to a healthy start, but has subsequently gone back into a trendless channel. What’s going to change that? A black swan, the inevitability of self-destructive monetary policy or a realization that things must change. No one knows the answer, only that everything changes and nothing ever stays the same. Figure nothing more will happen to these markets until Q3 at the earliest. So sit back and watch the paint dry. It will be more amusing.
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