by Stefan Gleason, Gold Seek:
The “year that was” brought mostly disappointment to precious metals bulls. Silver prices fell for the third straight year, while gold mostly flat-lined around the $1,200 per-ounce level.
So what about the year to come?
On the one hand, the charts look ugly. On the other, it is rare for any metal to fall in price four years in a row.
As for the fundamentals of precious metals, they are actually getting better. The down-trending prices we’ve experienced improve the fundamentals for physical precious metals in two important ways:
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