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.
...we believe that these measures will also lead to diminished profitability, diminished tax revenues and, therefore, increasing calls for massive new economic stimulation which again, by historic standards, could well work to the benefit of the precious metals.
Perhaps the heart of our pro-gold thesis is this consideration: governments are inherently inefficient, they attempt to provide services far beyond their genuine fiscal ability and these trends result in deficit financing, growing debt levels and ultimate “watering” down of currency values.
Why, if America’s economic performance is advancing steadily…are two especially sensitive and widely-used commodities performing so poorly?
Seldom, if ever, has this writer seen anything comparable to the level of hostility, disrespect and outright hatred now being demonstrated across America. If anyone thinks this is an erroneous conclusion, please consider the following ongoing events…
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.
Along with others named earlier, it is difficult to find any designated nominee seemingly willing to work well with either conservatives or Republicans or Trump loyalists, a fact which seems to suggest a continuing high level of tensions…
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts: Is an XRF gun useful for prospecting and mineral identification? • Ask The Experts: Is this deposit worth working? • Ask The Experts: Can a long range locator probe detect gold in quartz? • Weathering, Erosion and Placers • The PIGMI—a DIY Crevice Tool • Diary of a Diamond Prospector • The Ups and Downs of Nugget Hunting • Epithermal Gold and Silver Deposits • Mining Stock Quotes and Mineral & Metal Prices