Melman on Gold & Silver
July 2011 by Leonard MelmanPerhaps 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.
If the costs of financing the national debt increase in a manner described in this study, that should, in our opinion, be regarded as a long-term plus for the precious metals.
To say that the international environmental community took exception to President Trump’s decision to remove America from the 2016 Paris Accord would be an understatement of enormous proportions.
Every so often, deadlines are a real pain in the neck! That is truly the case this month as we must complete these musings prior to the Vice Presidential debates as well as the last two Obama-Romney encounters.
Our initial thought is simply this: why create these artificial currencies, unbacked by any material wealth, when the two items that worked so well century after century—namely gold and silver—are still fully available?
The Bawl Mill • Can't We Just Do Something? • Ask The Experts—14-day camping limit • Legislative and Regulatory Update • Explosives and Mining • Mother Lode Leaf Gold • Dredging The Outside Bend • A Good Start • WWII Vet & Prospector Still Going Strong • Nevada Gold Value Up Along With Production • 2011 National Mining Hall of Fame Inductees • Mining Stock Quotes & Mineral and Metal Prices