Melman on Gold & Silver
March 2019 by Leonard Melman
...controversy and animosity seem to be steadily increasing, quite possibly to the benefit of our precious metals as gold is now resting comfortably above $1,300—the highest level in more than two years as of mid-February.
…2017 was just the first year with a small increase after a huge drop off in exploration activity. It may take many years of future increases to get back to where the activity was in 2012, as projected increases in exploration spending are seen to be slow and steady.
Well, the year 2013 is now underway and we have surely entered the “Brave New World” that has followed the election of 2012. From my personal point of view, and I might add, unfortunately, this year and the ones following are beginning to appear that they will turn out to be quite similar to the preceding period.
...the much more important question is this: does this short-term strong rally necessarily portent a genuine turnaround from the metals share bear market that has been ongoing since mid-2011? For a possible answer, we turn to the long-term, five-year XAU chart.
The Bawl Mill • Ask The Experts - Any references on gold formation? • Ask The Experts - Finalizing an agreement with a mining company • The Basics of Exploration Leases and Contracts—Part II • Pumping Water With Solar Power • My Introduction To Gold Prospecting • Resurrecting An Old Hard Rock Mine—Safety Is No Accident • Mining Claims: Breaking All The Commandments • The Importance Of Mining Critical Minerals In The USA • Gold Prospecting for Better or Worse: Gold Is Where You Find It • Detecting for Gold: A Return to Familiar Ground • Mining Stock Quotes and Mineral & Metal Prices