Melman on Gold & Silver
July 2017 by Leonard Melman
To say that the international environmental community took exception to President Trump’s decision to remove America from the 2016 Paris Accord would be an understatement of enormous proportions.
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.”
This general time frame appears to be a particularly important juncture in the precious metals markets and, therefore, we should present clearly understandable reasons why our opinion leans heavily toward continuation of the precious metals bull market...
In terms of gold and silver, if this mountain of unbacked debt, now reaching several trillions of dollars, Euros, Yen or other currencies begins to truly collapse into an inflationary spiral, we will witness the onset of the mother of all precious metals bull markets.
Somehow, we received the impression from these two gatherings and from other conversations that bureaucrats in general are simply not aware of how difficult it is to raise capital to finance mining operations and how important it is for newer companies to show true progress in order to receive further financing.
...one of our most important technical indicators, the “Dow/Gold Ratio,” may be giving off an important signal at this time, which we discuss briefly...
The Bawl Mill • Ask The Experts: What is a Spanish needle? • Ask The Experts: Sulfides and fluxes • Legislative and Regulatory Update • Simple Rules of Gold Geology: Comparing Epithermal and Mesothermal Deposits • The "Madonna Nugget"—A Weekend Hunt to Remember • The Goldfield Mining District, Nevada—Part II • Sunset Sunbaker • A Prospecting Adventure in Mexico • Critical Minerals: Tungsten • Police Urge Author to End Treasure Hunt • Mining Stock Quotes and Mineral & Metal Prices