Melman on Gold & Silver
November 2012 by Leonard MelmanEvery 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.
…At present we may be entering a period of relative stability on many economic fronts and, therefore, our focus is now trending more toward social upheaval and the resultant increase in tensions as the prime movers for the precious metals.
Some financial commentators have speculated that bitcoin and other virtual currencies have captured a portion of funds that would have been invested in gold. I find it a bit ironic that people who invest in precious metals would even consider another fiat currency.
Other economic commentators have joined in regarding the sounding of alarms. Retired Republican Congressman and presidential candidate Ron Paul feels financial markets could drop a stunning 50%...
...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 question of relentless government payouts continues to haunt the political system.
The “battle lines” are being clearly drawn. By the time you receive this issue both party conventions will take place within just a few weeks and there will be only four months until the final vote.
The most important question, of course, is when these deteriorating fundamentals (positive for the precious metals) will overcome the lengthy deterioration in the long-term trading charts for gold and silver and their associated mining shares.
The Bawl Mill • Ask the Experts • Ask the Experts • Ask the Experts • Ask the Experts • The Portable XRF Gun • Gold Dredging on Oregon's South Umpqua • The Struggle to Reopen Alaska's Largest Gold Mine • Prospecting With a Detector: Lessons Learned • The Rush to Treasure Hill • Tips on Crevicing for Gold • Using Google Earth and Other Maps • Proper Assaying of Placer Samples • Mining, Health Care & Taxes • Mining Stock Quotes and Mineral & Metal Prices