Melman on Gold & Silver
December 2012 by Leonard MelmanTalk about “déjà vu!” Americans woke up early morning Tuesday, November 6 with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority. They went to bed late Tuesday night with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority.
…this being our January 2021 edition, we offer our forecasts for gold and silver during the coming year. Hint: I hope I am not being overly-optimistic.
For “hard money” advocates, this has been a remarkable month. Gold has risen by more than $100, silver has begun to surge, and the headlines are full of news items quite capable of raising public concerns to crisis levels.
The extensive cost reductions now being put in place are not just a short-term reaction to the recent drop in gold prices...
The great question now is whether the correction that followed was an end to that bull market—or just a lengthy corrective phase prior to another important bullish move. Let’s turn to technical analysis of the chart for a possible answer.
The Bawl Mill • Ask the Experts • Legislative and Regulatory Update • Prospecting for Gold at Green Valley • Extraction of Precious Metals Using Froth Flotation • Detecting Old Ground Sluice Locations • Mineral Deposit Trends: Real and Imaginary • Four Arrested for California Mining Museum Heist • Scams, Scammers and Schemes • Lawsuit Update From the New 49'ers • Constitutional Sheriffs Standing Up for Our Rights • What's Left Behind • Mining Stock Quotes and Mineral & Metal Prices