Melman on Gold & Silver
August 2012 by Leonard MelmanOne of the most surprising jolts of the past month came with the decision of the Supreme Court upholding the legality of what has come to be known as “ObamaCare.”
Like it or not, the US Supreme Court has ruled and the so-called “Affordable Care Act” (ACA) is now the law of the land—and the Tax Code. What’s more, despite the promises of many politicians to repeal it, it may be around in some form for years to come.
This past month has been filled with headline-grabbing news events and, for a change, it was not only politics that dominated those news stories, but rather financial markets themselves, with gold and mining shares grabbing a major share of attention.
Quite suddenly, another major financial issue with significant implications for the world of precious metals has been gaining growing attention. We are referring to concern about looming “currency wars,” and we also discuss that topic...
The most impressive fact about gold’s performance during 2016 is the yellow metal’s ability to withstand news shocks, hold on to previous gains and gradually move to new, higher levels.
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