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.
...it is beginning to appear that we are recently witnessing a gradual buildup of background information that could lend strength to the arguments for ultimately higher gold and silver prices.
Next, all of silver’s chart action since mid-2011 has taken place under a declining trend line (dotted line), which has held for more than four years. Any trendline of that duration must be taken seriously.
Last month saw the mining industry take center stage as Toronto, Ontario was once again host city for the giant PDAC annual mining convention. We take at look at that gathering below, focusing on some of the negative industry sentiment on display.
The Province of British Columbia, one of mining’s most active venues, has just issued a clear warning call to all miners that regulatory changes are on the way, and they may not be welcome ones…
Investors and collectors may also be able to purchase palladium coins after President Obama signed a bill authorizing palladium coins if there is sufficient demand.
...controversy and animosity seem to be steadily increasing, quite possibly to the benefit of our precious metals as gold is now resting comfortably above $1,300—the highest level in more than two years as of mid-February.
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