Mining Stock Quotes and Mineral & Metal Prices
June 2015 by Sharon A. Murray
I hope long-term readers would agree that while your columnist does occasionally carry some arguments to an extreme length, I usually stay within the bounds of reason. I am pointing this out because I was struck by an economic vision a few days ago that could test those bounds.
The Federal Reserve just reported that inflation exceeded their 2% target for the first time in five years and the University of Michigan reported their inflationary expectations have now risen to 2.7%.
In all the years I have been writing this column (approaching 35) and in my writings elsewhere, I have to admit that I never foresaw the kind of immense changes that have been wrought during the past two months…
Recent reports could be pointing toward a genuinely important change in direction for the American economy and it is a change that could be positive for the precious metals over time.
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.
The ultimate resolution of this apparent contradiction between fundamental news and market performance could provide us with important future clues for gold and silver.
The Bawl Mill • Ask The Experts • Ask The Experts • Ask The Experts • Ask The Experts • Ask The Experts • Companion Gold • The Smell of Gold—Part I • A Few Tips and Tricks for Beach Mining • The Basics of Froth Flotation • Direct and Constructive Notice • Moore Creek, Alaska—Then and Now • Nome Offshore Dredging Creates Challenges • Mining Journal Wins Again! • The Montanore Copper and Silver Project • Family Wins Back Seized Gold Coins • Melman on Gold & Silver