Melman on Gold & Silver
April 2016 by Leonard Melman...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.
After six years of primarily sideways action, gold broke decisively to the upside by breaking above strong resistance between $1,350 and $1,400 by soaring to near $1,450 before correcting moderately.
While many prospecting or mining operations don’t have sufficient profits to benefit from accelerated write-offs or even the full 100% “bonus” depreciation write-off, other options can be equally rewarding.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts • Ask The Experts • Ask The Experts • Dry Washer, Wet System or Metal Detector? • Multiple Use Lands, Symbiotic Relations and Conflict Resolution • Enrichment of Mineral Deposits by Weathering—Part II • Vendors Announced for Gold Prospecting and Mining Summit • The Tombstone Silver-Lead District, Arizona • Sold: 87-Ounce Nugget • Mining Stock Quotes and Mineral & Metal Prices