Melman on Gold & Silver
April 2014 by Leonard MelmanThe idea of decisive action in 2014 will be at the heart of my presentation at the ICMJ Gold Prospecting and Mining Summit of April 5-6 in Placerville. I look forward to meeting you all then.
How can it make sense to pass legislation to increase the spending power of the citizenry in order to stimulate economic activity and, at the same time, enact a series of new taxes that will diminish spending power?
The ultimate resolution of this apparent contradiction between fundamental news and market performance could provide us with important future clues for gold and silver.
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.
I believe this is a powder-keg waiting to explode down the road—with potentially devastating effects on society—but positive implications for gold and silver.
If the costs of financing the national debt increase in a manner described in this study, that should, in our opinion, be regarded as a long-term plus for the precious metals.
The Bawl Mill • Ask the Experts • Ask the Experts • Ask the Experts • Ask the Experts • Ask the Experts • Ask the Experts • Mining for Gold and Sapphires in Montana • Contrary to Rumors, Couple Will Keep the Saddle Ridge Hoard • Finding Gold with a VLF Detector—Part I • Creating Your Own Luck • Over the Divide—Robert Michael “Mike” Corbley • Continuing Hard Rock Exploration • Recovering Fine Gold with Oleophilic Adhesion • Detecting for Gold in Nevada • Using Structural Clues to Locate Buried Placer Channels • Gold Deposits of the Ivory Coast • Mining Stock Quotes and Mineral & Metal Prices