Melman on Gold & Silver
December 2014 by Leonard MelmanAs we have noted through the years, perhaps the most direct, single influence on the future of gold and silver is their monetary opposite—currencies in general, the US Dollar in particular.
Last month saw the mining industry take center stage as Toronto, Ontario was once again host city for the giant PDAC annual mining convention. We take at look at that gathering below, focusing on some of the negative industry sentiment on display.
Back when I was in college, when I first started classes, the demand for new engineers was so strong that every graduate had multiple job offers without even trying.
Once again last month the world seemed to be tottering uncertainly on the precipice of whether to continue with some manner of austerity in order to begin restoring government balance sheets to some semblance of fiscal conservatism or whether to openly return to the previous eras of wide-open stimulation via debt, deficits and unlimited money creation.
The “battle lines” are being clearly drawn. By the time you receive this issue both party conventions will take place within just a few weeks and there will be only four months until the final vote.
The Federal Reserve just reported that inflation exceeded their 2% target for the first time in five years and the University of Michigan reported their inflationary expectations have now risen to 2.7%.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts • Ask The Experts • Ask The Experts • Uncovering the Find of a Lifetime • Suction Dredging Battle Escalates • Guinea Africa: Gold, Ebola, and a Monkey Barbecue • Finding Gold in Tailing Piles • Small-Scale Processing of Hard Rock Ores • 2014 Index - Annual Tables of Content • Why Did This Silver Mine Close? - Pt III • Mining Stock Quotes and Mineral & Metal Prices