Money & Markets
Melman on Gold & Silver
October 2012 by Leonard Melman
Only one word truly describes the greatest source of headlines during the past month and that word is “politics.” With the November 6 Congressional and Presidential elections drawing ever closer and with both party’s conventions having been recently concluded, we take a serious look at the political situation below.Melman on Gold & Silver
Fundamental information on gold and silver turned more to the bullish side this past month, and we can point to three particular items as the basis for that conclusion.
Melman on Gold & Silver
One of the most popular medicines commonly available is “Dramamine,” defined to be, “… used to prevent and treat nausea, vomiting, cramps and vertigo associated with motion sickness,” according to our favorite medical dictionary. Well, after watching the various financial, political and psychological gyrations that have been taking place in the world’s markets over the past month, we might suggest that some sort of psychological Dramamine might be in order.
Mining, Health Care & Taxes
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.
Mining Stock Quotes and Mineral & Metal Prices
CFTC Finds Evidence of Silver Market Manipulation
This is welcome news. Many silver market commentators have stated publicly that the price of silver, currently hovering around $23.50 per ounce, should be much higher due to the scarcity of supply and the lack of faith in fiat currencies such as the US Dollar.
Melman on Gold & Silver
While most precious metals observers tend to pay more attention to action in the gold market as opposed to silver, there are times when the white metal can give us particularly sharp price targets going forward.
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