Melman on Gold & Silver
August 2019 by Leonard Melman
After six years of primarily sideways action, gold broke decisively to the upside by breaking above strong resistance between $1,350 and $1,400 by soaring to near $1,450 before correcting moderately.
We have been concerned for some time about the growing roster of laws, rules and regulations under which the entire industrial complex must operate…
...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.
Reservers and resources are very important to prospectors and miners, but they may be vague terms to some.
The Federal Reserve just reported that inflation exceeded their 2% target for the first time in five years and the University of Michigan reported their inflationary expectations have now risen to 2.7%.
The gold from 80 years ago still holds all of its value—it’s the Dollar that has been damaged.
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