Melman on Gold & Silver
September 2016 by Leonard MelmanThe most impressive fact about gold’s performance during 2016 is the yellow metal’s ability to withstand news shocks, hold on to previous gains and gradually move to new, higher levels.
Many observers have questioned why the precious metals have not enjoyed strong rallies despite a growing number of positive indicators.
One of the most rewarding features of technical analysis is when clear signals are fulfilled by the market and also when those signals conform to the bulk of fundamental information.
Anyone seeking evidence that the standard leftist/socialist dogma may not work well need look no further than two western hemisphere governments, Venezuela and Puerto Rico, as both are now being wracked by financial and social upheavals.
...this debacle may easily lead to disenchantment with government programs in general and politicians of all stripes in particular. Historically, that kind of unrest has been positive for precious metals markets.
One of the oldest sayings we all learned as children was “Water, water, everywhere, but not a drop to drink.” Following developments during the past month, we might rephrase that as “Questions, questions, everywhere, but not an answer to truly trust.”
The Bawl Mill • Our Readers Say • Ask The Experts: Is there a safe DIY alternative to cyanide or mercury for extraction? • Ask The Experts: Should I take my claim access problems to the Desert Advisory Council? • Ask The Experts: How do I identify gold in hard rock that may be mixed with other metals? • Ask The Experts • Ask The Experts • Legislative and Regulatory Update • Pickers and Nuggets • Modern-Day Claim Jumping • Oregon's Waldo and Galice Mining Districts Unite • Attention to Detail - Part II • The Seven Troughs Mining District • CA Supreme Court Rules Against Rinehart - But There Is A Solution • Summertime Gold Panning • Mining Stock Quotes and Mineral & Metal Prices
MMAC & PLP Update