Melman on Gold & Silver
November 2021 by Leonard Melman
Given the astonishing increase in government expenditures of the past two years, one must ask if there is another parade of taxes and levies waiting in the wings, and, directly related to our precious metals, if there is some form of tax rebellion also waiting in the wings.
All of these negatives have finally begun to erode bullishness on Wall Street and the financial markets began to look wobbly at best and dangerously weak at worst.
Perhaps the most important phase of our chart analysis work is to find indicators that have proven reliable in the past in terms of providing indications of future market direction. One of our favorites is the “Bank Index,” better known by its trading symbol, BKX.
The so-called “Fiscal Cliff” tax package recently passed by Congress and signed into law renewed more than 50 temporary tax breaks through 2013, saving individuals and businesses about $76 billion.
Well, the year 2013 is now underway and we have surely entered the “Brave New World” that has followed the election of 2012. From my personal point of view, and I might add, unfortunately, this year and the ones following are beginning to appear that they will turn out to be quite similar to the preceding period.
The Bawl Mill • Ask The Experts - What is “flotation” and what type of assay do I need? • Ask The Experts - Easier way to break down compacted clays? • Ask The Experts - Where can I get geological maps? • Ask The Experts - Is there gold under the old cobble piles? • Ask The Experts - Can you help me understand the gold deposition in this area of Wyoming? • Building A Portable Gold Mill • Cherry-Picking for Gold Nuggets • Using A Blasting Machine in Rock Breaking • Gold Prospecting for Better or Worse: Tangling With A Desert Monster • Another Prospecting Adventure: Coulterville • Seven Important Attitudes for the Successful Prospector • Mining Stock Quotes and Mineral & Metal Prices