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.
All in all, these spending proposals, combined with those already approved, could bring total spending for the current budget year to around $8 trillion—by far the highest level ever recorded in America’s history.
For “hard money” advocates, this has been a remarkable month. Gold has risen by more than $100, silver has begun to surge, and the headlines are full of news items quite capable of raising public concerns to crisis levels.
…the general investment community has turned away from mining shares over the past three years and moved whole-heartedly into conventional investments.
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.
There is one last indicator that I believe may be the most important of all. That is the “Index of Leading Economic Indicators” (LEI), which is a compendium of those economic indicators that point toward future growth, and LEI has just reached historic highs, far exceeding previous peaks in 1999 and 2006.
While most prospectors, mine operators and business owners are aware that “like-kind” exchanges can be an excellent way to postpone the gain resulting when any of the operation’s assets are disposed of, few give any thought to the value...
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 • 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