Melman on Gold & Silver
September 2011 by Leonard MelmanWhat gives this illustration great importance is America may be facing the same kind of dilemmas that have brought Japan’s market such long-term grief.
Well, we are now almost two months into the new Biden Administration (as of our mid-March press deadline) and there most certainly have been some changes in direction from the preceding Trump years.
...when we begin to observe what appears to be an early indication toward a more bullish stance in one of the major miners, that can reasonably provide us with a rising degree of optimism for the sector itself.
Back when I was in college, when I first started classes, the demand for new engineers was so strong that every graduate had multiple job offers without even trying.
Recent reports could be pointing toward a genuinely important change in direction for the American economy and it is a change that could be positive for the precious metals over time.
The great question now is whether the correction that followed was an end to that bull market—or just a lengthy corrective phase prior to another important bullish move. Let’s turn to technical analysis of the chart for a possible answer.
The Bawl Mill • Our Readers Say • Ask The Experts - Could I stake out a 20-acre claim with a waterway running through it just as I would a lode claim? • Ask The Experts - Do I have any grandfathered rights that post FLPMA claim holders do not have? • Q&A With Detector Designer Dave Johnson • Legislative and Regulatory Update • Dredging Tips From The Golden Rogue • Understanding and Prospecting Benches • Gold in the Slate Creek Basin • Deductions: Get 'Em While You Can • Endurance Is Golden • Mining Stock Quotes & Mineral and Metal Prices • The Preacher of Sheeps**t Flats