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.
...the much more important question is this: does this short-term strong rally necessarily portent a genuine turnaround from the metals share bear market that has been ongoing since mid-2011? For a possible answer, we turn to the long-term, five-year XAU chart.
With conventional financing still difficult to obtain, it is little wonder that “self-financing” is the number one form of financing used by small business owners, miners and prospectors.
Our initial thought is simply this: why create these artificial currencies, unbacked by any material wealth, when the two items that worked so well century after century—namely gold and silver—are still fully available?
This past month has been filled with headline-grabbing news events and, for a change, it was not only politics that dominated those news stories, but rather financial markets themselves, with gold and mining shares grabbing a major share of attention.
Investors and collectors may also be able to purchase palladium coins after President Obama signed a bill authorizing palladium coins if there is sufficient demand.
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