Melman on Gold & Silver
March 2020 by Leonard Melman
One of the most rewarding features of technical analysis is when clear signals are fulfilled by the market and also when those signals conform to the bulk of fundamental information.
The most important question, of course, is when these deteriorating fundamentals (positive for the precious metals) will overcome the lengthy deterioration in the long-term trading charts for gold and silver and their associated mining shares.
The Internal Revenue Service recently announced (IR-2013-5) a new, simplified option for those who use a home office, which would apply to owners of home-based mining or prospecting operations and businesses.
When it comes to the expense of using a car, van, pickup or panel truck for business purposes, they can be deducted by the operation as 'transportation" expenses.
Some financial commentators have speculated that bitcoin and other virtual currencies have captured a portion of funds that would have been invested in gold. I find it a bit ironic that people who invest in precious metals would even consider another fiat currency.
Well, we are now almost two months into the new Biden Administration (as of our mid-March press deadline) and there most certainly have been some changes in direction from the preceding Trump years.
One would think that the “science” of economics could lend itself to areas of high agreement between professionals, but that has hardly been the case throughout history—and it is not the case today.
The Bawl Mill • Ask The Experts -- How do I find the owners of patented property? • Ask The Experts -- Is it worth going after these rare earth minerals? • Ask The Experts -- Will a land mine detector work for gold? • How to Turn Your Gold Finds Into Cash • My First Gold Patch • Caught Between A Hard Rock and A Rare Earth Place • The Potholes—California’s Oldest Known Mining District • Sampling for Success—Part I • Over The Divide: Annie Carol Robinson • Gold Prospecting for Better or Worse: If the RV’s a Rockin’, Please Come a Knockin’ • The Mid-Winter Nugget • Gold In The Midwest—Part III: Iowa, Missouri, and Kansas • Trump Proposes $1.5 Billion to Fund US Uranium Production • Mining Stock Quotes and Mineral & Metal Prices