Melman on Gold & Silver
March 2011 by Leonard Melman...rising inflation has been perhaps the greatest single positive influence during past golden bull markets, and the fires of inflation, particularly those driven by rising food prices, do appear to be glowing ever brighter.
...for the most part, visible price inflation has remained dormant for the most of that period of time. This state of affairs would appear to contradict both monetary history and typical cause and effect reasoning. Even the Fed has expressed some surprise and concern regarding the matter.
Long-term, the outlook remains very favorable—but the obvious and important question is when we might expect a solid bull market revival to take place.
The most important question, of course, is when these deteriorating fundamentals (positive for the precious metals) will overcome the lengthy deterioration in the long-term trading charts for gold and silver and their associated mining shares.
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