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Gold and Silver Long-Term Fundamentals are Sound

Gold and Silver Long-Term Fundamentals are Sound

Gold fell $30 Monday morning, November 23, to $1,835, based on promising COVID-19 vaccine news and stalled progress on more stimulus packages in Congress, but these are all temporary, knee-jerk reactions, which have no bearing on the long-term fundamentals for gold and silver. As we said last week, this may be an unrealistic “honeymoon” attitude toward Joe Biden, or temporary amnesia about all the deficit spending in 2020, since rising inflation, more deficits and social unrest likely await us next year.

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