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.
The extensive cost reductions now being put in place are not just a short-term reaction to the recent drop in gold prices...
Whether to buy or lease is a question facing many small-scale operators and prospectors even as credit becomes more readily available. While there is no one correct answer that fits every mining operation or business, compared to the simplicity of buying, leasing is far more complicated and may be getting more complex.
While gold’s chart has recently confirmed its short-term negative trend, the intermediate trend remains neutral while gold’s long-term chart is beginning to show some positive indications.
It appears that market softness due to a slowing Chinese economy may already have affected precious and base metals quotes.
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