Melman on Gold & Silver
January 2012 by Leonard MelmanThere is little question that the crisis in Europe completely dominated world financial headlines last month. We saw nations such as Finland, Austria, France, Belgium and Hungary, which had previously appeared untouched by developments, suddenly become vulnerable to higher domestic interest rates.
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.
It appears that market softness due to a slowing Chinese economy may already have affected precious and base metals quotes.
The gold from 80 years ago still holds all of its value—it’s the Dollar that has been damaged.
The Bawl Mill • Southwest Alaska Gold Project Progresses • Good Assays and Bad • Where to Find Gold in Indiana—Part II • Who is a Qualified Person? • Time Well Spent • Reality of the Klondike • NWMA Show • River Dredging vs. Creek Dredging—Part II • Pot Hole Gold • Mining Stock Quotes and Mineral & Metal Prices