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.
…the men sought to “inject false and misleading information about the genuine supply and demand for precious metals futures contracts into the markets, and to deceive other participants”…
First, I look for smaller exploration companies that appear to be on the right track or that have started producing precious metals and are able to do so at a low cost per ounce.
One of the most popular medicines commonly available is “Dramamine,” defined to be, “… used to prevent and treat nausea, vomiting, cramps and vertigo associated with motion sickness,” according to our favorite medical dictionary. Well, after watching the various financial, political and psychological gyrations that have been taking place in the world’s markets over the past month, we might suggest that some sort of psychological Dramamine might be in order.
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.
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