Melman on Gold & Silver
November 2018 by Leonard Melman
It appears that market softness due to a slowing Chinese economy may already have affected precious and base metals quotes.
This past month has been filled with headline-grabbing news events and, for a change, it was not only politics that dominated those news stories, but rather financial markets themselves, with gold and mining shares grabbing a major share of attention.
It’s been no secret that the prices of gold and silver have been moving upward at a fast clip in recent months. Gold has soared 27 percent so far this year. There has not been a significant drop-off in production, so it’s been evident that an increase in demand has been a part of the force driving the price upward.
…money creation by central banks… could even accelerate further as governments desperately seek to stimulate some sort of powerful economic growth. Historically, rapid money creation rates have been positive for gold and silver.
When we look ahead into 2011, we see continuing troubles such as those listed earlier, which will force the public to question the effectiveness of the entire concept of economic strength and vitality through government interventions. In fact, many of those interventions have been abject failures, and we wonder if or when the public will lose confidence in the entire system.
One would think that the “science” of economics could lend itself to areas of high agreement between professionals, but that has hardly been the case throughout history—and it is not the case today.
The Bawl Mill • Ask The Experts - Skim Bar Placers article clarification • Ask The Experts - Is LR2000 working correctly? • Ask The Experts - What claim papers am I required to file at the county level? • Fall Drywashing—Just the Right Time of Year • Humble Beginnings • Understanding Large Gold Deposit Types: Discovering New Mines • Roads to Nowhere • Treasure Hunters Challenge FBI Over Dig for Civil War Gold • Out of the Ashes—New Access to Gold • Alluvial Paystreaks • Arizona Prospector Rescued from Mine Shaft • California State and US National Gold Panning Championships • Mining Stock Quotes and Mineral & Metal Prices