Melman on Gold & Silver
July 2014 by Leonard MelmanAlthough there is no direct connection between the price of lumber and the precious metals, there is an important indirect one due to the importance of the housing market to overall economic activity.
There is little question that the crisis in Europe completely dominated world financial headlines last month. We saw nations such as Finland, Austria, France, Belgium and Hungary, which had previously appeared untouched by developments, suddenly become vulnerable to higher domestic interest rates.
Somehow, we received the impression from these two gatherings and from other conversations that bureaucrats in general are simply not aware of how difficult it is to raise capital to finance mining operations and how important it is for newer companies to show true progress in order to receive further financing.
This collection of positives augurs well for strengthening worldwide industrial activity leading to upward price pressures and eventually rising inflationary expectations—all of which have historically positive implications for gold and silver...
The Bawl Mill • A Return to Silver City, Idaho • Ask the Experts • Ask the Experts • Ask the Experts • Swing and a Miss • Miners Fight Back Against Road Closures • The Giant King Mine • BLM Flexes Its Muscles in Quartzsite • Over the Divide • Romancing the Lens • Gold Recovery with Centrifugal Bowls • Mining on the Comstock Lode • Want to Go to Australia? • Mining Stock Quotes and Mineral & Metal Prices