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.
There seem to be two possibilities for the future of this disease and either way there will be an effect on the price of gold.
...frankly, the question is being asked, "How in the world could otherwise rational people even consider investments in the yellow in the yellow and white metals?"
Although there is no direct connection between the price of lumber and the precious metals, there is an important indirect one due to the importance of the housing market to overall economic activity.
Banking problems continue to find their way into the world’s financial media, and we note below that another nation, Slovenia, is now grabbing attention with a banking crisis of their own as well as a downgrading of their national bonds by Moody’s Investment Services.
As we have noted through the years, perhaps the most direct, single influence on the future of gold and silver is their monetary opposite—currencies in general, the US Dollar in particular.
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