Melman on Gold & Silver
November 2014 by Leonard MelmanI find it difficult to recall a period when the world has encountered so many simultaneous threats which “should” have driven gold and silver higher, and yet the precious metals markets—so far—have failed to rally to any significant extent.
There is one last indicator that I believe may be the most important of all. That is the “Index of Leading Economic Indicators” (LEI), which is a compendium of those economic indicators that point toward future growth, and LEI has just reached historic highs, far exceeding previous peaks in 1999 and 2006.
...rising inflation has been perhaps the greatest single positive influence during past golden bull markets, and the fires of inflation, particularly those driven by rising food prices, do appear to be glowing ever brighter.
On a personal note, very little has bothered me quite as much as the fact that some on the political left are crying “foul” about the fact that Secretary Clinton may have (the outcome is still slightly uncertain at press time) gained more popular votes than the President-elect and therefore the election result is “wrong.”
The Bawl Mill • Gemstones to Die For • The Dredge Report • Guinea Africa: Gold, Ebola, and A Monkey Barbecue • Geobotany: Plants Associated With Mineral Deposits • The Hunt for Remote Canyon Gold • Why Did This Silver Mine Close? Pt II • A Golden Summer • California State and US National Panning Championships • Mining Stock Quotes and Mineral & Metal Prices