Melman on Gold & Silver
April 2017 by Leonard MelmanA matter of some serious concern has developed in the relationship between the prices for gold and silver and the performance of mining share averages.
The most important question, of course, is when these deteriorating fundamentals (positive for the precious metals) will overcome the lengthy deterioration in the long-term trading charts for gold and silver and their associated mining shares.
Talk about “déjà vu!” Americans woke up early morning Tuesday, November 6 with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority. They went to bed late Tuesday night with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority.
It appears that market softness due to a slowing Chinese economy may already have affected precious and base metals quotes.
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