Melman on Gold & Silver
July 2021 by Leonard Melman
All in all, these spending proposals, combined with those already approved, could bring total spending for the current budget year to around $8 trillion—by far the highest level ever recorded in America’s history.
On a personal level, I have been part of the business, brokerage and financial columnist worlds for 45 years, since the mid-1960s, and in all those years, I have never seen a collection of negative news items similar to what has been published during the past month. In short, taken together they may very well be describing the end of the economic world systems as we know them.
Over the past few months we have noted a gradual increase in news relating to inflation—but during the past month this gradual increase has accelerated steadily and has now taken on the appearance of a virtual flood.
Last month saw the mining industry take center stage as Toronto, Ontario was once again host city for the giant PDAC annual mining convention. We take at look at that gathering below, focusing on some of the negative industry sentiment on display.
Next, all of silver’s chart action since mid-2011 has taken place under a declining trend line (dotted line), which has held for more than four years. Any trendline of that duration must be taken seriously.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts - What percentage of the gold price can I get from a buyer? • Ask The Experts - Is a hookah battery setup legal in California? • Ask The Experts - Are friends and relatives regulated like employees? • Ask The Experts - What do you use for flux for melting gold? • Ask The Experts - Why Isn't There A Dual Coil Detector? • Ask The Experts - Who has the rights to a vein that goes under a neighboring claim? • Ask The Experts - Is platinum usually magnetic? • Ten Detecting Tips for the Savvy Desert Prospector • All About Hard Rock Drills • Gold Prospecting for Better or Worse: When a Gold Prospector Goes to a Diamond Mine • Why So Much Gold in Nevada? • A Golden Past • Fire Assay Finish by Silver Nitrate Fusion for PGMs • Do Gold Nuggets Come Out At Night? • Mining Stock Quotes and Mineral & Metal Prices