Melman on Gold & Silver
February 2015 by Leonard MelmanWhy, if America’s economic performance is advancing steadily…are two especially sensitive and widely-used commodities performing so poorly?
It is hard to imagine any month during the thirty years I have been writing this column which had more bombshell headlines than the past thirty days.
...controversy and animosity seem to be steadily increasing, quite possibly to the benefit of our precious metals as gold is now resting comfortably above $1,300—the highest level in more than two years as of mid-February.
Putting it all together, we have indications that the petroleum price increases could continue and we believe that if that is the case, the impact on precious metals would be positive.
...here in America, another legislative financial crisis was averted as the National Debt limit was extended in January to $16.394 trillion. Only one year ago the authorized debt limit was a “mere” $14.294 trillion.
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