Melman on Gold & Silver
January 2013 by Leonard MelmanWell, by the time this issue hits the newsstands or your mailboxes, the New Year of 2013 will be upon us, and it seems worthwhile to take a look at important recent trends that are likely to extend into the coming twelve month period.
Unquestionably, it was the other side of the Atlantic Ocean—that is the European side—that provided virtually all the political, economic and social fireworks during the past month.
One of the oldest sayings we all learned as children was “Water, water, everywhere, but not a drop to drink.” Following developments during the past month, we might rephrase that as “Questions, questions, everywhere, but not an answer to truly trust.”
We’ll conclude by digging a bit more into the regulations and pitfalls, and discuss what they are used for, their relationship to gold, and what the future holds.
Many observers have questioned why the precious metals have not enjoyed strong rallies despite a growing number of positive indicators.
If the government can totally ignore the reality of exceeding the national debt limit, we can only wonder what all the current fuss relating to extending that limit is all about.
This is welcome news. Many silver market commentators have stated publicly that the price of silver, currently hovering around $23.50 per ounce, should be much higher due to the scarcity of supply and the lack of faith in fiat currencies such as the US Dollar.
The Bawl Mill • From the Editor • Ask the Experts • Iron Minerals, Your Detector and Gold • The Robinson Mine—Big Things Happen Here • Forty-Six Nuggets • Customizing Your Dredge • Small Miner Beats Forest Service in Court • Using Vegetation and Soil Conditions as Prospecting Aids • Prospecting for Diamonds • Green Valley Reconnaissance • Gold Pour Signals Revival in the Mother Lode • Mining Stock Quotes and Mineral & Metal Prices