Deductions: Get 'Em While You Can
September 2011 by Mark E. Battersby...miners, prospectors and mining related businesses are discovering that capital investments in equipment, machinery and other business assets are more affordable today than ever before.
Last month saw the mining industry take center stage as Toronto, Ontario was once again host city for the giant PDAC annual mining convention. We take at look at that gathering below, focusing on some of the negative industry sentiment on display.
After six years of primarily sideways action, gold broke decisively to the upside by breaking above strong resistance between $1,350 and $1,400 by soaring to near $1,450 before correcting moderately.
Just as we were sitting down to write this column, a political bombshell was released when Rick Santorum announced he was terminating his efforts to win the Republican Presidential nomination, virtually assuring the nomination will be to Mitt Romney. The remaining candidates, Ron Paul and Newt Gingrich appear to have no realistic chances.
...for the most part, visible price inflation has remained dormant for the most of that period of time. This state of affairs would appear to contradict both monetary history and typical cause and effect reasoning. Even the Fed has expressed some surprise and concern regarding the matter.
The Bawl Mill • Our Readers Say • Ask The Experts - Could I stake out a 20-acre claim with a waterway running through it just as I would a lode claim? • Ask The Experts - Do I have any grandfathered rights that post FLPMA claim holders do not have? • Q&A With Detector Designer Dave Johnson • Legislative and Regulatory Update • Dredging Tips From The Golden Rogue • Understanding and Prospecting Benches • Gold in the Slate Creek Basin • Endurance Is Golden • Melman on Gold & Silver • Mining Stock Quotes & Mineral and Metal Prices • The Preacher of Sheeps**t Flats