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...
Gold’s greatest previous bull market took place in 1977-1980 amidst currency instability, and we cannot help but note the similarities between the present and that past era.
...it is beginning to appear that we are recently witnessing a gradual buildup of background information that could lend strength to the arguments for ultimately higher gold and silver prices.
Although there is no direct connection between the price of lumber and the precious metals, there is an important indirect one due to the importance of the housing market to overall economic activity.
Perhaps the heart of our pro-gold thesis is this consideration: governments are inherently inefficient, they attempt to provide services far beyond their genuine fiscal ability and these trends result in deficit financing, growing debt levels and ultimate “watering” down of currency values.
...a presentation of these important trends—which coincidentally have dominated the recent news—and my resultant predictions for 2016 and beyond, will make up the majority of this column.
The idea of decisive action in 2014 will be at the heart of my presentation at the ICMJ Gold Prospecting and Mining Summit of April 5-6 in Placerville. I look forward to meeting you all then.
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