Melman on Gold & Silver
April 2011 by Leonard MelmanSomehow, we received the impression from these two gatherings and from other conversations that bureaucrats in general are simply not aware of how difficult it is to raise capital to finance mining operations and how important it is for newer companies to show true progress in order to receive further financing.
The most important question, of course, is when these deteriorating fundamentals (positive for the precious metals) will overcome the lengthy deterioration in the long-term trading charts for gold and silver and their associated mining shares.
• Is this a good time to invest in gold and silver?
…we cannot ignore the fact that several of the most widely-followed and respected economic voices are now raising questions about the potential near-term development of a full-blown market panic.
That is one of the problems with much of the so-called objective information we regularly receive—it is so tinged with partisanship that much of it can barely be believed...
Next, all of silver’s chart action since mid-2011 has taken place under a declining trend line (dotted line), which has held for more than four years. Any trendline of that duration must be taken seriously.
The Bawl Mill • Mining Claims—What to Know Before You File • Prospecting Underground: Use Caution • Small-Scale Concentrating and Recovery Methods • 5th Circuit Ruling May Benefit Miners • Indicator Minerals for Gold & Silver • Mud Men: Pocket Miners of Southwest Oregon Part III • Legislative and Regulatory Update • Mining Stock Quotes and Mineral & Metal Prices • Silver Mining Returning to Texas