Melman on Gold & Silver
October 2012 by Leonard MelmanOnly 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.
One last subject is the performance of gold and silver themselves—which has been positive for more than two months—and to explain the reasoning behind these rallies.
In our opinion, these dizzying up and down moves reflect not so much a change in the direction of hard data, but rather fluctuations in sentiment regarding the degree of danger relating to the overall international economic structure.
...further strength in the Dollar, weakness in Crude Oil, and potential bearish action in gold and silver may yet be ahead.
I believe gold and silver prices, to at least some extent, negatively mirror the society's confidence in the ability of government to continue providing economic and social services.
...a presentation of these important trends—which coincidentally have dominated the recent news—and my resultant predictions for 2016 and beyond, will make up the majority of this column.
The Bawl Mill • Our Readers Say • Ask the Experts • Ask the Experts • Cold Alaskan Gold—Part II • Dredging Backwards? • Tips for Detecting Old Hydraulic Pits • The Verde Copper-Gold-Silver-Zinc District, Jerome, Arizona • Recluse Died with $7 Million in Gold • California State and US National Panning Championships • A Data Miner Builds A Power Sluice • Mining Stock Quotes and Mineral & Metal Prices