Melman on Gold & Silver
May 2018 by Leonard Melman
…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.
According to some experts, after the peak is reached, the production rate will slowly decline until it reaches near zero while the price shoots upward. At that point, we will have pretty much mined all the economic ore deposits that are present on the planet.
Next, all of silver’s chart action since mid-2011 has taken place under a declining trend line (dotted line), which has held for more than four years. Any trendline of that duration must be taken seriously.
Once all of the pros and cons are considered, many miners and prospectors have discovered the so-called “Limited Liability Company” is the most profitable operating entity for their venture.
For “hard money” advocates, this has been a remarkable month. Gold has risen by more than $100, silver has begun to surge, and the headlines are full of news items quite capable of raising public concerns to crisis levels.
The Bawl Mill • Ask The Experts - Is this a significant cobalt find? • Ask The Experts - Is this ICOG deposit commercially feasible to mine? • Ask The Experts - How to sell gold specimens • Our Readers Say • Putting Together A Small Free Gold Mill • Feds Sue California over Sales of Public Lands • Legislative and Regulatory Update • What To Do When Gold Recovery and Assay Values Differ • Metal Detecting Old Hard Rock Mine Dumps • Because I Said So • Hecla Fights Bad Actor Label in Montana • The Miner’s Switchback • Prepping For A New Season of Gold Hunting • Mining Stock Quotes and Mineral & Metal Prices
PLP and MMAC Update