Melman on Gold & Silver
February 2020 by Leonard Melman
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.
The “battle lines” are being clearly drawn. By the time you receive this issue both party conventions will take place within just a few weeks and there will be only four months until the final vote.
It’s been no secret that the prices of gold and silver have been moving upward at a fast clip in recent months. Gold has soared 27 percent so far this year. There has not been a significant drop-off in production, so it’s been evident that an increase in demand has been a part of the force driving the price upward.
...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.
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.
Back when I was in college, when I first started classes, the demand for new engineers was so strong that every graduate had multiple job offers without even trying.
The Bawl Mill • Ask The Experts - Can you explain how caliche forms? • Ask The Experts - How does gold form? • Ask The Experts - Do you think it’s realistic for a detectorist to recover a couple of ounces per week if working full time? • Ask The Experts - Can you suggest proper discrimination settings for my detector? • Time to Stake Your Own Mining Claim • A Day On The Yuba River • Determining The Optimal Crushing Size for Gravity Recovery • Gold Prospecting for Better or Worse: The Pains of Prospecting • To Foam or Not to Foam • Following Man-Made Ditches to Recover More Gold • Sixteen to One Gold Mine: Going Underground - Pt II • All About Native Silver • Internet Forum Gold • Mining Stock Quotes and Mineral & Metal Prices