Melman on Gold & Silver
July 2016 by Leonard MelmanThe “battle lines” are being clearly drawn. By the time you receive this issue both party conventions will take place within just a few weeks and there will be only four months until the final vote.
It’s been no secret that the prices of gold and silver have been moving upward at a fast clip in recent months. Gold has soared 27 percent so far this year. There has not been a significant drop-off in production, so it’s been evident that an increase in demand has been a part of the force driving the price upward.
Back when I was in college, when I first started classes, the demand for new engineers was so strong that every graduate had multiple job offers without even trying.
If we watch the action in six important markets, then we must conclude that there is, indeed, cause for deep concern.
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.
A matter of some serious concern has developed in the relationship between the prices for gold and silver and the performance of mining share averages.
The Bawl Mill • Legislative and Regulatory Update • Australian Gold Adventure • A New Method for Handling Stubborn Gravity Middlings • The Essence of Gold Prospecting • Jim Madden's Gold • MMAC & PLP Update • The PATH to Tax Savings • Just One More Time • Update: People v. Rinehart • Mining Stock Quotes and Mineral & Metal Prices