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Melman on Gold & Silver

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.

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Melman on Gold & Silver


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.

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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.

Melman on Gold & Silver


I believe gold and silver prices, to at least some extent, negatively mirror the society's confidence in the ability of government to continue providing economic and social services.

Melman on Gold & Silver


Perhaps the most important phase of our chart analysis work is to find indicators that have proven reliable in the past in terms of providing indications of future market direction. One of our favorites is the “Bank Index,” better known by its trading symbol, BKX.

Melman on Gold & Silver


I hope long-term readers would agree that while your columnist does occasionally carry some arguments to an extreme length, I usually stay within the bounds of reason. I am pointing this out because I was struck by an economic vision a few days ago that could test those bounds.

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