Melman on Gold & Silver
November 2017 by Leonard Melman
Two potentially important Canadian projects, which could have produced revenues in the billions and jobs in the tens of thousands, have now been officially abandoned and the reasons offered by both relate to the economic impossibility of successfully negotiating all the regulatory obstacles that have been presented.
Although there is no direct connection between the price of lumber and the precious metals, there is an important indirect one due to the importance of the housing market to overall economic activity.
One of the most popular medicines commonly available is “Dramamine,” defined to be, “… used to prevent and treat nausea, vomiting, cramps and vertigo associated with motion sickness,” according to our favorite medical dictionary. Well, after watching the various financial, political and psychological gyrations that have been taking place in the world’s markets over the past month, we might suggest that some sort of psychological Dramamine might be in order.
The gold from 80 years ago still holds all of its value—it’s the Dollar that has been damaged.
How can a miner or prospector take advantage of these speedy financing options while avoiding the risks associated with borrowing from so-called “shadow banks?”
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts - How do I work this glacial deposit? • Ask The Experts - How do I best recover gold in pyrite? • It Pays to Know Your Bedrock • BLM Cancels 10-Million-Acre Sage Grouse Mineral Withdrawal • Take it to Bedrock • The Beatty Mining District of Nevada • Flood Plain Gold Deposits—What Are They Really? • Exploring Iron Oxide Copper Gold Deposits • Conrey Dredge No. 4 • Mining Stock Quotes and Mineral & Metal Prices