Melman on Gold & Silver
December 2011 by Leonard MelmanOne of the most popular medicines commonly available is “Dramamine,” defined to be, “… used to prevent and treat nausea, vomiting, cramps and vertigo associated with motion sickness,” according to our favorite medical dictionary. Well, after watching the various financial, political and psychological gyrations that have been taking place in the world’s markets over the past month, we might suggest that some sort of psychological Dramamine might be in order.
One last subject is the performance of gold and silver themselves—which has been positive for more than two months—and to explain the reasoning behind these rallies.
Last month saw the mining industry take center stage as Toronto, Ontario was once again host city for the giant PDAC annual mining convention. We take at look at that gathering below, focusing on some of the negative industry sentiment on display.
Another area of growing international concern for business and industry is the recent astonishing proliferation of new government regulations and laws. Despite the presumably good intentions behind these measures it is now becoming apparent that they are imposing true costs to our economic society. The sheer variety of these laws and regulations is mind-boggling.
This collection of positives augurs well for strengthening worldwide industrial activity leading to upward price pressures and eventually rising inflationary expectations—all of which have historically positive implications for gold and silver...
Somehow, we received the impression from these two gatherings and from other conversations that bureaucrats in general are simply not aware of how difficult it is to raise capital to finance mining operations and how important it is for newer companies to show true progress in order to receive further financing.
The Bawl Mill • Our Readers Say • Ask the Experts—Looking up mining claims on the Internet • Ask the Experts—Access to mining claim across private land • Ask the Experts—Best way to identify calaverite and sylvanite • Legislative and Regulatory Update • WSGS Releases New Geologic Maps • Prospecting on the North Yuba • Yesterday's Gold—Today's Mine • Where to Find Gold in Indiana • Prospecting Australia—Part III Anatomy of a Nugget Patch in Western Australia • Nevada Miners: Check Your Claim Markers • Managers at Fault for Two Deaths at Meikle Mine • Cold Water Gold • River Dredging vs. Creek Dredging—Part I • Mining Stock Quotes and Mineral & Metal Prices