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.
While present official numbers remain quiescent at below 2%, we strongly believe the seeds of future inflation have now been laid via virtually unlimited currency creation by various central banks around the globe.
How can it make sense to pass legislation to increase the spending power of the citizenry in order to stimulate economic activity and, at the same time, enact a series of new taxes that will diminish spending power?
A matter of some serious concern has developed in the relationship between the prices for gold and silver and the performance of mining share averages.
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.
It should come as no surprise that gold and silver acted similarly, rising sharply during the early hours of the crisis and retreating as tensions abated.
...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.
On a personal note, very little has bothered me quite as much as the fact that some on the political left are crying “foul” about the fact that Secretary Clinton may have (the outcome is still slightly uncertain at press time) gained more popular votes than the President-elect and therefore the election result is “wrong.”
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