Melman on Gold & Silver
August 2016 by Leonard MelmanIt 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.
A report from the Bureau of Land Management (BLM) titled "Public Rewards from Public Lands—Fiscal 1998", shows that minerals production is the largest income producer for the federal government on BLM-managed lands.
On a personal note, very little has bothered me quite as much as the fact that some on the political left are crying “foul” about the fact that Secretary Clinton may have (the outcome is still slightly uncertain at press time) gained more popular votes than the President-elect and therefore the election result is “wrong.”
Fundamental information on gold and silver turned more to the bullish side this past month, and we can point to three particular items as the basis for that conclusion.
The Internal Revenue Service recently announced (IR-2013-5) a new, simplified option for those who use a home office, which would apply to owners of home-based mining or prospecting operations and businesses.
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.
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
MMAC & PLP Update