Melman on Gold & Silver
October 2013 by Leonard MelmanI believe gold and silver prices, to at least some extent, negatively mirror the society's confidence in the ability of government to continue providing economic and social services.
I must admit to taking some degree of pleasure in anticipating the excuse-making which will probably come out of the "Global Warming" camp to explain away a truly startling announcement.
Perhaps the first and most important is the fact that the foreign exchange value of the US Dollar has been going down steadily for several months. As the value of the Dollar goes down, the price of goods in Dollar terms tend to go up…
Only one word truly describes the greatest source of headlines during the past month and that word is “politics.” With the November 6 Congressional and Presidential elections drawing ever closer and with both party’s conventions having been recently concluded, we take a serious look at the political situation below.
This general time frame appears to be a particularly important juncture in the precious metals markets and, therefore, we should present clearly understandable reasons why our opinion leans heavily toward continuation of the precious metals bull market...
The Bawl Mill • EPA Tries to Intimidate Alaskan Miners • A Few Pointers About Cracks and Crevices • Hunting for Gold in the Quartzsite Area of Western Arizona • The Madonna Nugget • The Alaska Highway and Beyond • It's Hard to Find Gold! • Partner Withdraws from Pebble Project • Highbanking at the 144 • Potential Gold at Old Hydraulic Sites • California State Panning Championships—Foresthill, CA Heritage Celebration • Prospecting Tales: Forest Service, Fires and Bears—Oh My! • Mining Stock Quotes and Mineral & Metal Prices