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.
We’ll conclude by digging a bit more into the regulations and pitfalls, and discuss what they are used for, their relationship to gold, and what the future holds.
There is no question the economy will not always be as good as it is now. There is also no doubt that someday the lack of exploration and the ore in existing mines running out will come home to roost.
Why, if America’s economic performance is advancing steadily…are two especially sensitive and widely-used commodities performing so poorly?
After six years of primarily sideways action, gold broke decisively to the upside by breaking above strong resistance between $1,350 and $1,400 by soaring to near $1,450 before correcting moderately.
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