Melman on Gold & Silver
January 2019 by Leonard Melman
The Province of British Columbia, one of mining’s most active venues, has just issued a clear warning call to all miners that regulatory changes are on the way, and they may not be welcome ones…
The great question now is whether the correction that followed was an end to that bull market—or just a lengthy corrective phase prior to another important bullish move. Let’s turn to technical analysis of the chart for a possible answer.
Well, we are now almost two months into the new Biden Administration (as of our mid-March press deadline) and there most certainly have been some changes in direction from the preceding Trump years.
…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.
I hope long-term readers would agree that while your columnist does occasionally carry some arguments to an extreme length, I usually stay within the bounds of reason. I am pointing this out because I was struck by an economic vision a few days ago that could test those bounds.
From the point of view of the precious metals, an upside breakout would have clear inflationary implications, which should benefit...
On a personal level, I have been part of the business, brokerage and financial columnist worlds for 45 years, since the mid-1960s, and in all those years, I have never seen a collection of negative news items similar to what has been published during the past month. In short, taken together they may very well be describing the end of the economic world systems as we know them.
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