Money & Markets
Melman on Gold & Silver
August 2016 by Leonard Melman
It is hard to imagine any month during the thirty years I have been writing this column which had more bombshell headlines than the past thirty days.Melman on Gold & Silver
Just as we were sitting down to write this column, a political bombshell was released when Rick Santorum announced he was terminating his efforts to win the Republican Presidential nomination, virtually assuring the nomination will be to Mitt Romney. The remaining candidates, Ron Paul and Newt Gingrich appear to have no realistic chances.
Melman on Gold & Silver
…they continue to strut around and make declarations and proclamations as if they were still in positions of power. In other words, in political terms, they haven’t “got the message” that they are now in a minority position…
Melman on Gold & Silver
...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?"
Melman on Gold & Silver
Next, all of silver’s chart action since mid-2011 has taken place under a declining trend line (dotted line), which has held for more than four years. Any trendline of that duration must be taken seriously.
Money In, Money Out
With conventional financing still difficult to obtain, it is little wonder that “self-financing” is the number one form of financing used by small business owners, miners and prospectors.
Melman on Gold & Silver
One last subject is the performance of gold and silver themselves—which has been positive for more than two months—and to explain the reasoning behind these rallies.
Subscription Required:
The Bawl Mill
• Legislative and Regulatory Update
• Ask The Experts
• Ask The Experts
• Revisiting the Rocker Box
• Can You Recognize Valuable Ores?
• Follow Up to "Just One More Time"
• The Highs and Lows of Drywashing
• Successful Detecting Requires Attention to Detail—Part I
• Panning for Gold on Canyon Creek
• China Closing More Than 1,000 Mines
• Habits, Procedure, and Where Is The Gold?
• Exploring A Historic Lode Mine
• Mining Stock Quotes and Mineral & Metal Prices
Free:
MMAC & PLP Update
