Melman on Gold & Silver
May 2020 by Leonard Melman
In all the years I have been writing this column (approaching 35) and in my writings elsewhere, I have to admit that I never foresaw the kind of immense changes that have been wrought during the past two months…
Anyone seeking evidence that the standard leftist/socialist dogma may not work well need look no further than two western hemisphere governments, Venezuela and Puerto Rico, as both are now being wracked by financial and social upheavals.
There is one last indicator that I believe may be the most important of all. That is the “Index of Leading Economic Indicators” (LEI), which is a compendium of those economic indicators that point toward future growth, and LEI has just reached historic highs, far exceeding previous peaks in 1999 and 2006.
When one of the major currencies in the world begins to decline steadily, based on monetary history we would expect a bias toward positive movements in the precious metals.
I believe this is a powder-keg waiting to explode down the road—with potentially devastating effects on society—but positive implications for gold and silver.
The Bawl Mill • Ask The Experts - What does a prospector look for when seeking ores? • Ask The Experts - Is a detector any good at discriminating pyrite or chalcopyrite in ferrous-reject mode? • Ask The Experts - Does the Journal know if any gold mining has been shut down over the Covid-19 virus? • Ask The Experts - Is this a promising assay? • Ask The Experts - How do you utilize magnets in your prospecting equipment? • Ask The Experts - Is using hydrogen peroxide a good indicator for PGMs? • A Note from the Editor • Going Over Old Ground With Newer Technology • Hard Rock 101: Breaking Rock—Part I • Tips and Tricks • Prospecting in the Age of Covid-19 • Sharing Gold Fever with a Friend • Panning on North Fork American Yields Good Gold • Gold Prospecting for Better or Worse: Dum-Dum Dodges a Boom-Boom • 'Wormholes'—Reckless Adventure • All About Lead Minerals, Silver and Gold • Mining Stock Quotes and Mineral & Metal Prices