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.
The most important question, of course, is when these deteriorating fundamentals (positive for the precious metals) will overcome the lengthy deterioration in the long-term trading charts for gold and silver and their associated mining shares.
I believe gold and silver prices, to at least some extent, negatively mirror the society's confidence in the ability of government to continue providing economic and social services.
There is no question the economy will not always be as good as it is now. There is also no doubt that someday the lack of exploration and the ore in existing mines running out will come home to roost.
…Washington and America have never seen a flow of actions by a new President to match what Trump has done during his first three weeks, but those actions suggest two interpretations.
On a personal note, very little has bothered me quite as much as the fact that some on the political left are crying “foul” about the fact that Secretary Clinton may have (the outcome is still slightly uncertain at press time) gained more popular votes than the President-elect and therefore the election result is “wrong.”
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