Melman on Gold & Silver
January 2018 by Leonard Melman
While gold’s chart has recently confirmed its short-term negative trend, the intermediate trend remains neutral while gold’s long-term chart is beginning to show some positive indications.
Perhaps the most important phase of our chart analysis work is to find indicators that have proven reliable in the past in terms of providing indications of future market direction. One of our favorites is the “Bank Index,” better known by its trading symbol, BKX.
…for a change, it is time to turn away from the Trump-Mueller frenzy and concentrate once again on some of the other sources of information which can present us with valuable information related to our precious metals.
I believe this is a powder-keg waiting to explode down the road—with potentially devastating effects on society—but positive implications for gold and silver.
When it comes to the expense of using a car, van, pickup or panel truck for business purposes, they can be deducted by the operation as 'transportation" expenses.
On a personal level, I have been part of the business, brokerage and financial columnist worlds for 45 years, since the mid-1960s, and in all those years, I have never seen a collection of negative news items similar to what has been published during the past month. In short, taken together they may very well be describing the end of the economic world systems as we know them.
The Bawl Mill • Legislative and Regulatory Update • California: The Land of Big Nuggets—Part II • How to Interpret Assay Values • Bedrock Nugget Hunting: Tools of the Trade • A Primer on Bitcoin and Other Cryptocurrencies • Gold Hunting on Libby Creek • PLP and MMAC Update • Man's Best Friend • An Interview with Minelab Engineer Mark Lawrie • Third Largest Nugget in Existence Returns to Dallas • Mining Stock Quotes and Mineral & Metal Prices