Melman on Gold & Silver
November 2019 by Leonard Melman
…there is now concrete evidence that growing numbers of investors and other concerned observers are now turning to gold as a storehouse of value in these potentially troubling times.
...when we begin to observe what appears to be an early indication toward a more bullish stance in one of the major miners, that can reasonably provide us with a rising degree of optimism for the sector itself.
Talk about “déjà vu!” Americans woke up early morning Tuesday, November 6 with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority. They went to bed late Tuesday night with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority.
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.
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.
Investors and collectors may also be able to purchase palladium coins after President Obama signed a bill authorizing palladium coins if there is sufficient demand.
There is no question the economy will not always be as good as it is now. There is also no doubt that someday the lack of exploration and the ore in existing mines running out will come home to roost.
The Bawl Mill • Ask The Experts - Seeking advice on setting up an operation and the agreement with the landowner • Montana Gold and Sapphires Revisited • A Third Generation Small-Scale Hardrock Revival • Gold Prospecting for Better or Worse: Respect the Angle of Repose • The Summer of ‘81 • The “Chuck It Out” Nugget • High Sulfidation Epithermal Deposits • Gold and Silver Deposits of Bodie, California • Mining Stock Quotes and Mineral & Metal Prices