Melman on Gold & Silver
February 2012 by Leonard MelmanAll 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.
In terms of gold and silver, if this mountain of unbacked debt, now reaching several trillions of dollars, Euros, Yen or other currencies begins to truly collapse into an inflationary spiral, we will witness the onset of the mother of all precious metals bull markets.
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.
The most important question, of course, is when these deteriorating fundamentals (positive for the precious metals) will overcome the lengthy deterioration in the long-term trading charts for gold and silver and their associated mining shares.
A report from the Bureau of Land Management (BLM) titled "Public Rewards from Public Lands—Fiscal 1998", shows that minerals production is the largest income producer for the federal government on BLM-managed lands.
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 • Ask the Experts - ...Worth further investigation? • Ask the Experts - Processing sulfide ore without mercury or cyanide. • Regarding "Good Assays and Bad" • New "Employment" Category • 4 Keys to Successful Nugget Hunting • A High Price to Pay • Eolian Placer Gold • All the Gold Ever Mined... • The Basics of Geophysical Exploration • Targeted for a Tax Audit • Feds Order Closure of Idaho Mine • Trying Out the New Highbanker • A Gold Mine on a Washington Beach? • Mining Stock Quotes and Mineral & Metal Prices