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.
Perhaps the most important phase of our chart analysis work is to find indicators that have proven reliable in the past in terms of providing indications of future market direction. One of our favorites is the “Bank Index,” better known by its trading symbol, BKX.
The first thing a person should do is seriously consider whether they want to go mining as a hobby or a business, and the tax implications of the choice.
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.
Although the risk of a federal tax audit remains low, thanks to the Internal Revenue Service’s secret audit selection process every prospector, miner, and mining-related business owner has good reason to fear an audit, but only if they are not prepared.
...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 • 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