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.
Well, the year 2013 is now underway and we have surely entered the “Brave New World” that has followed the election of 2012. From my personal point of view, and I might add, unfortunately, this year and the ones following are beginning to appear that they will turn out to be quite similar to the preceding period.
As an employer, every mining operation, large or small, is responsible for protecting the safety and health of its employees. Safety is also good business. An effective safety and health program can save $4 to $6 for every $1 invested. It’s the right thing to do, and doing it right pays off in lower costs, increased productivity, and higher employee morale.
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.
Long-term, the outlook remains very favorable—but the obvious and important question is when we might expect a solid bull market revival to take place.
On a personal level, I have been part of the business, brokerage and financial columnist worlds for 45 years, since the mid-1960s, and in all those years, I have never seen a collection of negative news items similar to what has been published during the past month. In short, taken together they may very well be describing the end of the economic world systems as we know them.
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