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.
…we cannot ignore the fact that several of the most widely-followed and respected economic voices are now raising questions about the potential near-term development of a full-blown market panic.
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.
A matter of some serious concern has developed in the relationship between the prices for gold and silver and the performance of mining share averages.
All of these negatives have finally begun to erode bullishness on Wall Street and the financial markets began to look wobbly at best and dangerously weak at worst.
The “battle lines” are being clearly drawn. By the time you receive this issue both party conventions will take place within just a few weeks and there will be only four months until the final vote.
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