Melman on Gold & Silver
December 2019 by Leonard Melman
...we believe that these measures will also lead to diminished profitability, diminished tax revenues and, therefore, increasing calls for massive new economic stimulation which again, by historic standards, could well work to the benefit of the precious metals.
Well, the year 2013 is now underway and we have surely entered the “Brave New World” that has followed the election of 2012. From my personal point of view, and I might add, unfortunately, this year and the ones following are beginning to appear that they will turn out to be quite similar to the preceding period.
Banking problems continue to find their way into the world’s financial media, and we note below that another nation, Slovenia, is now grabbing attention with a banking crisis of their own as well as a downgrading of their national bonds by Moody’s Investment Services.
While many prospecting or mining operations don’t have sufficient profits to benefit from accelerated write-offs or even the full 100% “bonus” depreciation write-off, other options can be equally rewarding.
Perhaps the most important phase of our chart analysis work is to find indicators that have proven reliable in the past in terms of providing indications of future market direction. One of our favorites is the “Bank Index,” better known by its trading symbol, BKX.
The Bawl Mill • Ask The Experts - How do I obtain a map of Montana gold & sapphire gravel bars? • Ask The Experts - How do I process this white quartz with black striations? • Ask The Experts - Does gravel + bedrock = gold? • Back to Green Valley--With A Sluice • A Lesson In Underwater Sniping • More Fiddling While Forests Burn • Achieving Accurate Metal Detector Discrimination • My New Passion--Crystal Hunting • The Half-Mile Claim • Mining Stock Quotes and Mineral & Metal Prices • Gold Prospecting for Better or Worse: White Knuckle Mining