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.
...the much more important question is this: does this short-term strong rally necessarily portent a genuine turnaround from the metals share bear market that has been ongoing since mid-2011? For a possible answer, we turn to the long-term, five-year XAU chart.
The so-called “Fiscal Cliff” tax package recently passed by Congress and signed into law renewed more than 50 temporary tax breaks through 2013, saving individuals and businesses about $76 billion.
While a great many questions remain unanswered, there is little doubt that a new financing option for small-scale mining operations, “crowdfunding,” is growing as a viable and legitimate funding source.
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.”
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.
The “battle lines” are being clearly drawn. By the time you receive this issue both party conventions will take place within just a few weeks and there will be only four months until the final vote.
The Bawl Mill • Ask the Experts • Ask the Experts • Ask the Experts • Greenstone and Gold • The Long Road to Gold Point, Nevada • What, Where and How for the New Prospector • Proper Spacing of Placer Sample Sites • Hunches, Choices and Guesses • 12-Year-Old Unearths Large Diamond • Time for a New Approach: Detecting Float Gold • Carissa Gold Mine Comes Back to Life • Gold in Beatty, Nevada • Cripple Creek Gold Mine Exceeding Expectations • Mining Stock Quotes and Mineral & Metal Prices