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 most impressive fact about gold’s performance during 2016 is the yellow metal’s ability to withstand news shocks, hold on to previous gains and gradually move to new, higher levels.
Two potentially important Canadian projects, which could have produced revenues in the billions and jobs in the tens of thousands, have now been officially abandoned and the reasons offered by both relate to the economic impossibility of successfully negotiating all the regulatory obstacles that have been presented.
It may be no exaggeration at all to state that the past thirty days have seen a collection of headlines that could affect the world profoundly for years to come.
…for a change, it is time to turn away from the Trump-Mueller frenzy and concentrate once again on some of the other sources of information which can present us with valuable information related to our precious metals.
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