Melman on Gold & Silver
July 2019 by Leonard Melman
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.
If the costs of financing the national debt increase in a manner described in this study, that should, in our opinion, be regarded as a long-term plus for the precious metals.
…Washington and America have never seen a flow of actions by a new President to match what Trump has done during his first three weeks, but those actions suggest two interpretations.
Only one word truly describes the greatest source of headlines during the past month and that word is “politics.” With the November 6 Congressional and Presidential elections drawing ever closer and with both party’s conventions having been recently concluded, we take a serious look at the political situation below.
While most precious metals observers tend to pay more attention to action in the gold market as opposed to silver, there are times when the white metal can give us particularly sharp price targets going forward.
Fundamental information on gold and silver turned more to the bullish side this past month, and we can point to three particular items as the basis for that conclusion.
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