Melman on Gold & Silver
February 2013 by Leonard MelmanWell, the year 2013 is now underway and we have surely entered the “Brave New World” that has followed the election of 2012. From my personal point of view, and I might add, unfortunately, this year and the ones following are beginning to appear that they will turn out to be quite similar to the preceding period.
It appears that market softness due to a slowing Chinese economy may already have affected precious and base metals quotes.
When we look ahead into 2011, we see continuing troubles such as those listed earlier, which will force the public to question the effectiveness of the entire concept of economic strength and vitality through government interventions. In fact, many of those interventions have been abject failures, and we wonder if or when the public will lose confidence in the entire system.
The most impressive fact about gold’s performance during 2016 is the yellow metal’s ability to withstand news shocks, hold on to previous gains and gradually move to new, higher levels.
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