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.
…one thing is certain for the precious metals—these events reflect growing instability—and growing instability has historically been positive for the prices of gold and silver.
After six years of primarily sideways action, gold broke decisively to the upside by breaking above strong resistance between $1,350 and $1,400 by soaring to near $1,450 before correcting moderately.
It is hard to imagine any month during the thirty years I have been writing this column which had more bombshell headlines than the past thirty days.
There is little question that the crisis in Europe completely dominated world financial headlines last month. We saw nations such as Finland, Austria, France, Belgium and Hungary, which had previously appeared untouched by developments, suddenly become vulnerable to higher domestic interest rates.
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