Melman on Gold & Silver
May 2013 by StaffIt may be no exaggeration at all to state that the past thirty days have seen a collection of headlines that could affect the world profoundly for years to come.
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.
…2017 was just the first year with a small increase after a huge drop off in exploration activity. It may take many years of future increases to get back to where the activity was in 2012, as projected increases in exploration spending are seen to be slow and steady.
When one of the major currencies in the world begins to decline steadily, based on monetary history we would expect a bias toward positive movements in the precious metals.
The great question now is whether the correction that followed was an end to that bull market—or just a lengthy corrective phase prior to another important bullish move. Let’s turn to technical analysis of the chart for a possible answer.
It should come as no surprise that gold and silver acted similarly, rising sharply during the early hours of the crisis and retreating as tensions abated.
The Bawl Mill • Gold Rush in the Congo • Find of a Lifetime • All About Quartz—Part I • Over the Divide • Your Guide to Prospecting in Alaska • Shallow Water Crevicing Can Bring Big Rewards • A Father and Son Prospecting Adventure • Home Office Deductions • Advantages of Modern Prospectors • Searchers' Dreams • Gold in Unlikely Places • Mining Stock Quotes and Mineral & Metal Prices