Melman on Gold & Silver
January 2014 by Leonard MelmanI 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.
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.
Another area of growing international concern for business and industry is the recent astonishing proliferation of new government regulations and laws. Despite the presumably good intentions behind these measures it is now becoming apparent that they are imposing true costs to our economic society. The sheer variety of these laws and regulations is mind-boggling.
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.
While gold’s chart has recently confirmed its short-term negative trend, the intermediate trend remains neutral while gold’s long-term chart is beginning to show some positive indications.
...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.
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.
The Bawl Mill • Ask the Experts: Big rocks or small cobbles? • Ask the Experts: Quartz rock and the chance of gold in my area of New Hampshire? • Ask the Experts: Equipment and gold locations in Colorado • Ask the Experts: Silent partners and mining—is it worth the risk? • Sierra County Gold—Part II • The Silver Islet Mountains of Utah • Gold Placers of the Kenai Peninsula, Alaska • Alternative Gold Leaching Methods • Over the Divide • Prospecting for Diamonds in Kimberlite • Additional Note Regarding "Strategic Metals—Part II" • Take a Kid Detecting • Mining Stock Quotes and Mineral & Metal Prices