Melman on Gold & Silver
February 2014 by Leonard Melman...as a holder of contrarian points of view, I am somewhat delighted to see the recent enormous surge in published negative commentaries regarding gold's future.
The great question now is whether the correction that followed was an end to that bull market—or just a lengthy corrective phase prior to another important bullish move. Let’s turn to technical analysis of the chart for a possible answer.
One of the most popular medicines commonly available is “Dramamine,” defined to be, “… used to prevent and treat nausea, vomiting, cramps and vertigo associated with motion sickness,” according to our favorite medical dictionary. Well, after watching the various financial, political and psychological gyrations that have been taking place in the world’s markets over the past month, we might suggest that some sort of psychological Dramamine might be in order.
While many prospecting or mining operations don’t have sufficient profits to benefit from accelerated write-offs or even the full 100% “bonus” depreciation write-off, other options can be equally rewarding.
Several of the large banks are being investigated for illegal trading by the Department of Justice under the Trump administration, and some have already been indicted.
...we believe that these measures will also lead to diminished profitability, diminished tax revenues and, therefore, increasing calls for massive new economic stimulation which again, by historic standards, could well work to the benefit of the precious metals.
The Bawl Mill • Legislative and Regulatory Update • Ask the Experts • Ask the Experts • Ask the Experts • Ask the Experts • Our Readers Say • The Perfect Summer • Eolian Gold Deposits • Copper Deposits of Alaska • Divide and Conquer—Detecting Old Placer Grounds with Friends • Reserves and Resources Explained • Critical Metals: Lithium • Coprolite—A Prospector's Tale • Comstock Mining Gets Approval • Mining Stock Quotes and Mineral & Metal Prices