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.
The need to bring mining back to North America is more urgent than ever.
Perhaps the heart of our pro-gold thesis is this consideration: governments are inherently inefficient, they attempt to provide services far beyond their genuine fiscal ability and these trends result in deficit financing, growing debt levels and ultimate “watering” down of currency values.
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.
The extensive cost reductions now being put in place are not just a short-term reaction to the recent drop in gold prices...
Next, all of silver’s chart action since mid-2011 has taken place under a declining trend line (dotted line), which has held for more than four years. Any trendline of that duration must be taken seriously.
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