Melman on Gold & Silver
December 2013 by Leonard Melman...this debacle may easily lead to disenchantment with government programs in general and politicians of all stripes in particular. Historically, that kind of unrest has been positive for precious metals markets.
...when we begin to observe what appears to be an early indication toward a more bullish stance in one of the major miners, that can reasonably provide us with a rising degree of optimism for the sector itself.
...an entity that is a partnership or limited liability company under the laws of the state in which it is formed may elect to be taxed as a regular C-corporation or as an S-corporation under the check-the-box rules.
All of these negatives have finally begun to erode bullishness on Wall Street and the financial markets began to look wobbly at best and dangerously weak at worst.
Although the risk of a federal tax audit remains low, thanks to the Internal Revenue Service’s secret audit selection process every prospector, miner, and mining-related business owner has good reason to fear an audit, but only if they are not prepared.
…the general investment community has turned away from mining shares over the past three years and moved whole-heartedly into conventional investments.
Gold’s greatest previous bull market took place in 1977-1980 amidst currency instability, and we cannot help but note the similarities between the present and that past era.
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…
The Bawl Mill • Ask the Experts • Ask the Experts • Ask the Experts • Sierra County Gold—Part I • ICMJ's Annual Index • Ophir—Possibly the Best Kept Secret in Alaska—Part II • Hunting for Hardrock: The Basics • Gold in the San Francisco District Oatman, Mohave County, Arizona • Heavy Glacial Rocks and Gold in the Midwest • Strategic Metals—Part II • The Amazing Mineral Tourmaline • Mining Stock Quotes and Mineral & Metal Prices