Melman on Gold & Silver
September 2015 by Leonard MelmanThe most important question, of course, is when these deteriorating fundamentals (positive for the precious metals) will overcome the lengthy deterioration in the long-term trading charts for gold and silver and their associated mining shares.
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.
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.
It appears that market softness due to a slowing Chinese economy may already have affected precious and base metals quotes.
Only one word truly describes the greatest source of headlines during the past month and that word is “politics.” With the November 6 Congressional and Presidential elections drawing ever closer and with both party’s conventions having been recently concluded, we take a serious look at the political situation below.
Somehow, we received the impression from these two gatherings and from other conversations that bureaucrats in general are simply not aware of how difficult it is to raise capital to finance mining operations and how important it is for newer companies to show true progress in order to receive further financing.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts • Ask The Experts • Ask The Experts • Ask The Experts • Ask The Experts • Ask The Experts • Detecting Nuggets—Overcoming New Challenges • Modern Mining Reclamation • Retired Geologist Warned Public of Pending EPA Disaster • Piles of Gold • AMRA Takes On USFS in Idaho • Iron Ores and Iron Mining • Two Men Claim Discovery of Nazi Treasure Train • Emergency Dredging Closures in Washington State • More Gold Recovered Off Florida Coast • Mining Stock Quotes and Mineral & Metal Prices