High Prices for Gold, Silver & Copper: What Does it Mean for Prospectors?
October 2017 by Chris Ralph
Perhaps the first and most important is the fact that the foreign exchange value of the US Dollar has been going down steadily for several months. As the value of the Dollar goes down, the price of goods in Dollar terms tend to go up…
In our opinion, these dizzying up and down moves reflect not so much a change in the direction of hard data, but rather fluctuations in sentiment regarding the degree of danger relating to the overall international economic structure.
Australia’s Perth Mint currently holds the record for the world’s largest gold coin.
It is hard to imagine any month during the thirty years I have been writing this column which had more bombshell headlines than the past thirty days.
Perhaps the most important phase of our chart analysis work is to find indicators that have proven reliable in the past in terms of providing indications of future market direction. One of our favorites is the “Bank Index,” better known by its trading symbol, BKX.
This is welcome news. Many silver market commentators have stated publicly that the price of silver, currently hovering around $23.50 per ounce, should be much higher due to the scarcity of supply and the lack of faith in fiat currencies such as the US Dollar.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts - Where should I get my geology degree? • Ask The Experts - How much rock shall I crush to determine the value? • Placers Directly Associated with Lode Deposits • Is It Time for a Change? New Ways to Find More Gold • MMAC Update • Silverton's Gold • Procuring Mine Owner Permission at a Mine Site • Champions Crowned at the California State Gold Panning Championships • Drywashing for Fine Gold • ICMJ Gold Prospecting and Mining Summit Postponed • Kennecott Copper Mine, Kennecott, Alaska • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices