Precious metals are either breaking down or setting up for a big rally

The Macroeconomic Perspective Gold and Silver are assets which have been of great importance for thousands of years. Up until a few decades ago, gold was explicitly linked to currencies (such as the US$) and was broadly used as money.In the past few decades – particularly following Nixon’s decoupling of the gold/dollar convertibility – precious metals have been greatly criticized by leading academics and investors alike. Warren Buffet famously called gold a “barbarous relic”, but is he...