Melman on Gold & Silver
May 2022 by Leonard Melman
Based on historic indicators, last month’s precious metals performances gave us two reasons for optimism.
The gold from 80 years ago still holds all of its value—it’s the Dollar that has been damaged.
The idea of decisive action in 2014 will be at the heart of my presentation at the ICMJ Gold Prospecting and Mining Summit of April 5-6 in Placerville. I look forward to meeting you all then.
After six years of primarily sideways action, gold broke decisively to the upside by breaking above strong resistance between $1,350 and $1,400 by soaring to near $1,450 before correcting moderately.
Although the risk of a federal tax audit remains low, thanks to the Internal Revenue Service’s secret audit selection process every prospector, miner, and mining-related business owner has good reason to fear an audit, but only if they are not prepared.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts - How are gold veins formed? • Ask The Experts - Is there gold in Monterey County, California? • Ask The Experts - Can you explain NMR and satellite imagery? • Ask The Experts - What other indicators are there besides red soils? • Mineralization, Ground Balance and Metal Detecting • Gold Prospecting for Better or Worse: Warning Signs • What To Do With All That Gold? • Proposed 100-Mile Road in the Yentna Mining District • All About Trommels and Screens for Placer Gold Recovery • Judge Orders FBI to Produce Records on Civil War Gold Hunt • Strategies for Detecting Heavily Pounded Areas—Pt II • Auburn, California • Old Water Channels Provide Important Clues • The Mystery of the Grand Summit Mine • Mining Stock Quotes and Mineral & Metal Prices