Melman on Gold & Silver
November 2011 by Leonard MelmanIn our opinion, these dizzying up and down moves reflect not so much a change in the direction of hard data, but rather fluctuations in sentiment regarding the degree of danger relating to the overall international economic structure.
The Federal Reserve just reported that inflation exceeded their 2% target for the first time in five years and the University of Michigan reported their inflationary expectations have now risen to 2.7%.
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.
All 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’ll conclude by digging a bit more into the regulations and pitfalls, and discuss what they are used for, their relationship to gold, and what the future holds.
The Bawl Mill • Legislative And Regulatory Update • Ask The Experts—Compensation for closed mining claim? • Ask The Experts—Inconsistent fire assays • Gold From Cemented Gravels • Evolution Of A Gold Prospect • Gold, Quartz & Chalcedony—Part II • Alaska to Target Rare-Earths • Minnesota Delays Decision on Mineral Leases • Alaska's Cripple Creek Mining District • The Gold Of Horseshoe Bend • Tyrie's Roadway Nugget