Melman on Gold & Silver
May 2011 by Leonard MelmanThis general time frame appears to be a particularly important juncture in the precious metals markets and, therefore, we should present clearly understandable reasons why our opinion leans heavily toward continuation of the precious metals bull market...
Some financial commentators have speculated that bitcoin and other virtual currencies have captured a portion of funds that would have been invested in gold. I find it a bit ironic that people who invest in precious metals would even consider another fiat currency.
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.
Once again last month the world seemed to be tottering uncertainly on the precipice of whether to continue with some manner of austerity in order to begin restoring government balance sheets to some semblance of fiscal conservatism or whether to openly return to the previous eras of wide-open stimulation via debt, deficits and unlimited money creation.
Although the risk of a federal tax audit remains low, thanks to the Internal Revenue Service’s secret audit selection process every prospector, miner, and mining-related business owner has good reason to fear an audit, but only if they are not prepared.
In an effort to resolve the controversy over whether certain expenditures made by a mining operation or mining-related business are currently deductible as repair expenses...the Internal Revenue Service has finally released new regulations.
Long-term, the outlook remains very favorable—but the obvious and important question is when we might expect a solid bull market revival to take place.
The Bawl Mill • Why Haven't They Mined This Claim? • Ask The Experts—Where can I find information on the Abby mine? • Ask The Experts—Is it possible for a mountain range to have good lode gold deposits and yet the area streams not carrying like deposits of gold? • Ask The Experts—How do you amend a placer claim? • Ask The Experts—What happened to the BLM web site geocommunicator.gov? • The Ups and Downs of Geologic Faults • Fountain of Youth Gold • Legislative and Regulatory Update • Suction Dredging Update for California & Idaho • The Disappearance of State Mining Departments • The Golden Streams of Butte County, California • Mining Stock Quotes & Mineral and Metal Prices