Melman on Gold & Silver
September 2013 by Leonard MelmanIt is difficult to look at unrestrained growth in such important monetary indicators without becoming concerned about the future stability of America's economic system.
Although there is no direct connection between the price of lumber and the precious metals, there is an important indirect one due to the importance of the housing market to overall economic activity.
…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.
Putting it all together, we have indications that the petroleum price increases could continue and we believe that if that is the case, the impact on precious metals would be positive.
As noted above, the “Ring of Fire” is an area of great potential mineral wealth located in the far northern Ontario Province of Canada. Many companies have sent in exploration and development teams…
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