Are Precious Metals Starting a 10-Year Bull Market?

Gold last traded at $1,814 an ounce. Silver at $23.96 an ounce.

NEWS SUMMARY: Precious metal prices rebounded sharply Tuesday amid bargain-hunting and a weaker dollar. U.S. stocks rose as investors cheered upbeat fiscal relief news despite the Fed's "extraordinarily uncertain" economic outlook.

Thompson/FX Empire--"After a prolonged bear market, commodities reached a major inflection point in 2020. In response to the global pandemic, governments began unprecedented money creation. Ultimately, I believe this will lead to a decade of sharply higher inflation and a 10-year bull market in precious metals...We saw similar periods of commodity outperformance during the 1970s and 2000s....

I believe precious metals and commodities are starting another bull market that could last well into 2030. From a technical set up, I believe we are in a similar position to 2004. Though gold could drop a little further near-term, I think prices are going much higher over the next 10-years....Longer-term, buying gold at or below the rising 200-day MA is historically a favorable opportunity....Silver is shaping up to be an excellent long-term buying opportunity, in my opinion."