Melman on Gold & Silver
May 2012 by Leonard MelmanJust as we were sitting down to write this column, a political bombshell was released when Rick Santorum announced he was terminating his efforts to win the Republican Presidential nomination, virtually assuring the nomination will be to Mitt Romney. The remaining candidates, Ron Paul and Newt Gingrich appear to have no realistic chances.
...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.
The “battle lines” are being clearly drawn. By the time you receive this issue both party conventions will take place within just a few weeks and there will be only four months until the final vote.
Australia’s Perth Mint currently holds the record for the world’s largest gold coin.
• Is this a good time to invest in gold and silver?
The Bawl Mill • Ask the Experts: gold per ton; improving assay method • Bering Sea Gold—Part II • Tucson Show Marketing • Ganes Creek Hits 10 Years—Part I • Fabulous Florence—The Golden Town of Idaho • Arizona's Vulture Gold Mine and Lost Dutchman • Critical Metals: Copper • Replacing Your 12-Volt Pump • Mining Stock Quotes and Mineral & Metal Prices