Melman on Gold & Silver
August 2015 by Leonard MelmanNext, all of silver’s chart action since mid-2011 has taken place under a declining trend line (dotted line), which has held for more than four years. Any trendline of that duration must be taken seriously.
In our opinion, these dizzying up and down moves reflect not so much a change in the direction of hard data, but rather fluctuations in sentiment regarding the degree of danger relating to the overall international economic structure.
One of the oldest sayings we all learned as children was “Water, water, everywhere, but not a drop to drink.” Following developments during the past month, we might rephrase that as “Questions, questions, everywhere, but not an answer to truly trust.”
The Bawl Mill • Ask The Experts • Ask The Experts • Detecting During Summer Heat • Surviving The Boom and Bust Cycle • A Great Day On The Feather River • Prospecting for Silver Deposits • Give That Club Claim A Chance • From Curiosity to Mine Owner • Gold and Rare Earth Elements in New Mexico • Will El Nino Move Gold for Miners and End California Drought? • Mining Stock Quotes and Mineral & Metal Prices