Melman on Gold & Silver
October 2020 by Leonard Melman
Given the enormous expenditures that are required to bring any mining property into production, the industry can ill afford a regulatory system which, by reversing already existent approvals, can nullify the value of funds already expended.
Two potentially important Canadian projects, which could have produced revenues in the billions and jobs in the tens of thousands, have now been officially abandoned and the reasons offered by both relate to the economic impossibility of successfully negotiating all the regulatory obstacles that have been presented.
This past month has been filled with headline-grabbing news events and, for a change, it was not only politics that dominated those news stories, but rather financial markets themselves, with gold and mining shares grabbing a major share of attention.
This general time frame appears to be a particularly important juncture in the precious metals markets and, therefore, we should present clearly understandable reasons why our opinion leans heavily toward continuation of the precious metals bull market...
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 Bawl Mill • Ask The Experts - Too early to build the crusher? • Ask The Experts - Time for small mine exemptions • Ask The Experts - Should I be checking the culverts for gold? • Sniping for Gold—The Next Best Thing to Dredging • Hard Rock 101: Advanced Micro Blasting • Now Is The Time For Exploration • Gold in Unlikely Places—And 'Eating Crow' • From Iowa to Alaska—How I Became A Gold Miner • Jamestown and Our Mother Lode Gold Rush Adventures • Why Assaying Placer Gold Deposits Doesn't Work • Gold Prospecting for Better or Worse: Those Blasted Boulders! • Mining Stock Quotes and Mineral & Metal Prices