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.
How can it make sense to pass legislation to increase the spending power of the citizenry in order to stimulate economic activity and, at the same time, enact a series of new taxes that will diminish spending power?
First, in order to compensate for the diminishment of purchasing power that usually accompanies rising inflation, investors normally have demanded higher interest rates on their investment assets. This was particularly true in the 1977-81 era when inflation soared to almost 20% and interest rates rose to roughly the same level.
Talk about “déjà vu!” Americans woke up early morning Tuesday, November 6 with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority. They went to bed late Tuesday night with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority.
The idea of decisive action in 2014 will be at the heart of my presentation at the ICMJ Gold Prospecting and Mining Summit of April 5-6 in Placerville. I look forward to meeting you all then.
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