Melman on Gold & Silver
February 2017 by Leonard Melman…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…
...the much more important question is this: does this short-term strong rally necessarily portent a genuine turnaround from the metals share bear market that has been ongoing since mid-2011? For a possible answer, we turn to the long-term, five-year XAU chart.
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.
When we look ahead into 2011, we see continuing troubles such as those listed earlier, which will force the public to question the effectiveness of the entire concept of economic strength and vitality through government interventions. In fact, many of those interventions have been abject failures, and we wonder if or when the public will lose confidence in the entire system.
...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?"
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.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts: Looking for help on unproven claim • Calcite and Limestone • Detecting Basics: Lose the Bad Habits Not the Gold • Feather River Gold • Detecting Alluvial Bench Deposits • Underground Mining: Getting the Ore Out • From Vietnam to Wedding Bands • Trade-Ins, Swaps and Like-Kind Exchanges • Mining Stock Quotes and Mineral & Metal Prices