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.
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.
Making it even semi-permanent allows any business that spends heavily on equipment, machinery and other business property to reap large, up-front tax breaks.
It appears that market softness due to a slowing Chinese economy may already have affected precious and base metals quotes.
...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.
• Is this a good time to invest in gold and silver?
The extensive cost reductions now being put in place are not just a short-term reaction to the recent drop in gold prices...
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