Melman on Gold & Silver
July 2012 by Leonard MelmanOn a personal level, I have been part of the business, brokerage and financial columnist worlds for 45 years, since the mid-1960s, and in all those years, I have never seen a collection of negative news items similar to what has been published during the past month. In short, taken together they may very well be describing the end of the economic world systems as we know them.
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.
Talk about “déjà vu!” Americans woke up early morning Tuesday, November 6 with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority. They went to bed late Tuesday night with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority.
If precious metals miners and prospectors were looking for a series of dramatic events to usher in the first two weeks of 2016, they have not been disappointed.
The combination of these two concerns—the drift toward socialism and the willingness to violate law—appear to me to be capable of raising the level of civil disorder to a point where such disorders could be positive influences on the price of gold and silver.
Every so often, deadlines are a real pain in the neck! That is truly the case this month as we must complete these musings prior to the Vice Presidential debates as well as the last two Obama-Romney encounters.
The Bawl Mill • Gold Depositiion and Gradients of Placer Streams—Part II • The Life of an Independent Prospector • Gold in Guyana—Part I: Porknocking on the Puruni River Road • That Something Extra • Prospecting for Copper Ores—Part II • Metallic Trash—Scourge of the Prospector • Gold Mining Boom in the Carolinas • California Suction Dredging Update • Mine, Baby, Mine! • Hecla to Reopen Lucky Friday Mine • Nova Scotia Shows It's Serious About Jobs & Mining • Mining Stock Quotes and Mineral & Metal Prices