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.
...here in America, another legislative financial crisis was averted as the National Debt limit was extended in January to $16.394 trillion. Only one year ago the authorized debt limit was a “mere” $14.294 trillion.
Investors and collectors may also be able to purchase palladium coins after President Obama signed a bill authorizing palladium coins if there is sufficient demand.
Perhaps the first and most important is the fact that the foreign exchange value of the US Dollar has been going down steadily for several months. As the value of the Dollar goes down, the price of goods in Dollar terms tend to go up…
From the point of view of the precious metals, an upside breakout would have clear inflationary implications, which should benefit...
...this debacle may easily lead to disenchantment with government programs in general and politicians of all stripes in particular. Historically, that kind of unrest has been positive for precious metals markets.
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