Melman on Gold & Silver
July 2018 by Leonard Melman
There is one last indicator that I believe may be the most important of all. That is the “Index of Leading Economic Indicators” (LEI), which is a compendium of those economic indicators that point toward future growth, and LEI has just reached historic highs, far exceeding previous peaks in 1999 and 2006.
Another area of growing international concern for business and industry is the recent astonishing proliferation of new government regulations and laws. Despite the presumably good intentions behind these measures it is now becoming apparent that they are imposing true costs to our economic society. The sheer variety of these laws and regulations is mind-boggling.
The most impressive fact about gold’s performance during 2016 is the yellow metal’s ability to withstand news shocks, hold on to previous gains and gradually move to new, higher levels.
That is one of the problems with much of the so-called objective information we regularly receive—it is so tinged with partisanship that much of it can barely be believed...
Recent reports could be pointing toward a genuinely important change in direction for the American economy and it is a change that could be positive for the precious metals over time.
The Bawl Mill • Ask The Experts - How were those gold concentrate bricks made? • Ask The Experts - What should I know about prospecting for titanium? • Mining Pegmatite Deposits • Legislative and Regulatory Update • SS Central America Gives Up Millions in Gold Rush Era Gold • Falcon Fanatic: Journey of a Novice Detectorist • Las Médulas—The Gem of the Roman Gold Mines • Critical Minerals: Titanium • Mining Stock Quotes and Mineral & Metal Prices