Melman on Gold & Silver
March 2016 by Leonard Melman
The extensive cost reductions now being put in place are not just a short-term reaction to the recent drop in gold prices...
...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.
While most precious metals observers tend to pay more attention to action in the gold market as opposed to silver, there are times when the white metal can give us particularly sharp price targets going forward.
...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.
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.”
…for a change, it is time to turn away from the Trump-Mueller frenzy and concentrate once again on some of the other sources of information which can present us with valuable information related to our precious metals.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts • Ask The Experts • Ask The Experts • How to Stake Your Own Mining Claims—Part I • Addressing EPA Overreach: What Dredgers Need to Know • Green Valley Gold District, Payson, Arizona • Nevada's Silver City Gold District—Part I • Enrichment of Mineral Deposits by Weathering—Part I • Alaska: Kodiak Islands Mineral Resources • Mining Stock Quotes and Mineral & Metal Prices