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.
…this being our January 2021 edition, we offer our forecasts for gold and silver during the coming year. Hint: I hope I am not being overly-optimistic.
When governments are hit by a barrage of such economic news, they usually react by attempting to stimulate economic activity by spending money, as some might say, “like drunken sailors”…
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.
All we can say is “Welcome to 2012,” and if the first part of January is any indication, it is going to be quite a year on many fronts from the ongoing international financial crisis to the progress of a presidential election set to end this coming November.
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.
Putting it all together, we have indications that the petroleum price increases could continue and we believe that if that is the case, the impact on precious metals would be positive.
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