Mining, Health Care & Taxes
November 2012 by Mark E. BattersbyLike it or not, the US Supreme Court has ruled and the so-called “Affordable Care Act” (ACA) is now the law of the land—and the Tax Code. What’s more, despite the promises of many politicians to repeal it, it may be around in some form for years to come.
There is one last indicator that I believe may be the most important of all. That is the “Index of Leading Economic Indicators” (LEI), which is a compendium of those economic indicators that point toward future growth, and LEI has just reached historic highs, far exceeding previous peaks in 1999 and 2006.
This is welcome news. Many silver market commentators have stated publicly that the price of silver, currently hovering around $23.50 per ounce, should be much higher due to the scarcity of supply and the lack of faith in fiat currencies such as the US Dollar.
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.
Fundamental information on gold and silver turned more to the bullish side this past month, and we can point to three particular items as the basis for that conclusion.
The Bawl Mill • Ask the Experts • Ask the Experts • Ask the Experts • Ask the Experts • The Portable XRF Gun • Gold Dredging on Oregon's South Umpqua • The Struggle to Reopen Alaska's Largest Gold Mine • Prospecting With a Detector: Lessons Learned • The Rush to Treasure Hill • Tips on Crevicing for Gold • Using Google Earth and Other Maps • Proper Assaying of Placer Samples • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices