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.
On a similar vein, while the number of new non-farm jobs created rose by a modest 156,000 in September, it must be pointed out that Goods Production Payrolls rose by only 10,000 jobs while much lower paying service jobs accounted for the other 146,000.
Every 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.
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.
How can a miner or prospector take advantage of these speedy financing options while avoiding the risks associated with borrowing from so-called “shadow banks?”
…there is now concrete evidence that growing numbers of investors and other concerned observers are now turning to gold as a storehouse of value in these potentially troubling times.
Long-term, the outlook remains very favorable—but the obvious and important question is when we might expect a solid bull market revival to take place.
Why, if America’s economic performance is advancing steadily…are two especially sensitive and widely-used commodities performing so poorly?
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