Melman on Gold & Silver
January 2016 by Leonard Melman...a presentation of these important trends—which coincidentally have dominated the recent news—and my resultant predictions for 2016 and beyond, will make up the majority of this column.
In terms of gold and silver, if this mountain of unbacked debt, now reaching several trillions of dollars, Euros, Yen or other currencies begins to truly collapse into an inflationary spiral, we will witness the onset of the mother of all precious metals bull markets.
All of these negatives have finally begun to erode bullishness on Wall Street and the financial markets began to look wobbly at best and dangerously weak at worst.
One of the most popular medicines commonly available is “Dramamine,” defined to be, “… used to prevent and treat nausea, vomiting, cramps and vertigo associated with motion sickness,” according to our favorite medical dictionary. Well, after watching the various financial, political and psychological gyrations that have been taking place in the world’s markets over the past month, we might suggest that some sort of psychological Dramamine might be in order.
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.
...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.
The Bawl Mill • Ask The Experts • Ask The Experts • Ask The Experts • Ask The Experts • Detector Prospecting Accessories • Electrum: Gold and Silver Together • Drywashing Arizona Gold • Mineralized Faults and Contacts in the Search for Gold • Sunshine and Gold • A Successful Trip Through Gold Basin • Oregon Miners File for Summary Judgment • The Significance of Nuggets in Placers • The Strange History of the Utica Mine • Forest Service Seeks to Lock Miners Out in South Dakota • Maitland Bar Nugget to Go On Display • Company Says Central Idaho Project Feasible • Mining Stock Quotes and Mineral & Metal Prices