Melman on Gold & Silver
January 2007 by Leonard MelmanPutting this information together, we conclude that the coming year of 2007 could hold explosive growth for the precious metals as the probability of an international “accident” rises, as the dollar comes under increasing pressure and as the fundamental demand for resources of all types from India and China plus other developing nations grows relentlessly.
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.
In the meantime, PLP continues to incur costs associated with several ongoing court cases filed on behalf of the mining community. To contribute to their efforts, we are again offering to add twenty-five cents to every PLP donation made between...
... officials with BLM have been impressed by MMAC’s professional approach and consistency.
...the much more important question is this: does this short-term strong rally necessarily portent a genuine turnaround from the metals share bear market that has been ongoing since mid-2011? For a possible answer, we turn to the long-term, five-year XAU chart.
At this point, stress raised my blood pressure and I was figuring out escape routes through the brush, but thought it best to continue the conversation.
The Bawl Mill • Legislative and Regulatory Update • In Pursuit of Gold and Silver in the Sierra Madres • Chinese Gold Consumption to Grow • Researching and Staking Mining Claims—Part II • Family Sues US Mint for Return of Rare Gold Coins • High Court Reverses Nevada Mining Decision • Mining Industry Worried about Democrat-Controlled Congress • Working on the Bear River • Company Notes • Looking Back • The Upper Susitna Goldfields • Palladium Hitting Jewelry Market • Mining Stock Quotes & Mineral and Metal Prices