Melman on Gold & Silver
October 2011All of these negatives have finally begun to erode bullishness on Wall Street and the financial markets began to look wobbly at best and dangerously weak at worst.
We have heard much “tough talk” through the years regarding reining in the regulatory excesses of government agencies in the past, but little action has followed those words. Perhaps we will finally see a genuine move away from excessive regulation.
Perhaps the first and most important is the fact that the foreign exchange value of the US Dollar has been going down steadily for several months. As the value of the Dollar goes down, the price of goods in Dollar terms tend to go up…
• Is this a good time to invest in gold and silver?
The “battle lines” are being clearly drawn. By the time you receive this issue both party conventions will take place within just a few weeks and there will be only four months until the final vote.
Fundamental information on gold and silver turned more to the bullish side this past month, and we can point to three particular items as the basis for that conclusion.
As we have noted through the years, perhaps the most direct, single influence on the future of gold and silver is their monetary opposite—currencies in general, the US Dollar in particular.
The Bawl Mill • Legislative And Regulatory Update • Ask The Experts—Separating platinum from sands using bubbles • Ask The Experts—Extraction of micro gold from black sands • Ask The Experts—Difference between a Geiger counter and scintillator • Then and Now: Is Gold Really Money? • Gold, Quartz & Chalcedony—Part I • Prospecting Australia—Part I • Oregon Dredge Permit Litigation Update • Gold From Black Sand Tailings • The Fine Art of Panning Heavy Sands • California State Gold Panning Championships • The Golden Days of Julian, California • An Expensive Lesson • Judge Denies Request To Delay Michigan Mine