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.
...a presentation of these important trends—which coincidentally have dominated the recent news—and my resultant predictions for 2016 and beyond, will make up the majority of this column.
...the much more important question is this: does this short-term strong rally necessarily portent a genuine turnaround from the metals share bear market that has been ongoing since mid-2011? For a possible answer, we turn to the long-term, five-year XAU chart.
One of the oldest sayings we all learned as children was “Water, water, everywhere, but not a drop to drink.” Following developments during the past month, we might rephrase that as “Questions, questions, everywhere, but not an answer to truly trust.”
A matter of some serious concern has developed in the relationship between the prices for gold and silver and the performance of mining share averages.
...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.
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 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