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.
With conventional financing still difficult to obtain, it is little wonder that “self-financing” is the number one form of financing used by small business owners, miners and prospectors.
The most important question, of course, is when these deteriorating fundamentals (positive for the precious metals) will overcome the lengthy deterioration in the long-term trading charts for gold and silver and their associated mining shares.
The combination of these two concerns—the drift toward socialism and the willingness to violate law—appear to me to be capable of raising the level of civil disorder to a point where such disorders could be positive influences on the price of gold and silver.
Despite a variety of other side subjects, the dominant source of financial headlines during the past month continues to be Europe, and we note two particular foci...
The Bawl Mill • Ask The Experts - Diamonds in the Mother Lode? • Ask The Experts - How do I set up my shaker table? • Ask The Experts - Does silicone rubber make a good sluice mat? • Ask The Experts - Conflicting assays for platinum group elements • Get Boots On The Ground For Patch Hunting • Lessons Learned From Geologists • Gold Prospecting for Better or Worse: Man vs Paydirt • Mohave County, Arizona: The Oatman/San Francisco Mining District • ICMJ Honored As Prospecting Magazine of the Year • The Sunbaker • A Golden Vacation • Mining Company Pays Millions for Gold Dug From Mine Dumps • Mining Stock Quotes and Mineral & Metal Prices