Mining Stock Quotes and Mineral & Metal Prices
July 2018 by Staff
...controversy and animosity seem to be steadily increasing, quite possibly to the benefit of our precious metals as gold is now resting comfortably above $1,300—the highest level in more than two years as of mid-February.
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.
Talk about “déjà vu!” Americans woke up early morning Tuesday, November 6 with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority. They went to bed late Tuesday night with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority.
It should come as no surprise that gold and silver acted similarly, rising sharply during the early hours of the crisis and retreating as tensions abated.
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 Bawl Mill • Ask The Experts - How were those gold concentrate bricks made? • Ask The Experts - What should I know about prospecting for titanium? • Mining Pegmatite Deposits • Legislative and Regulatory Update • SS Central America Gives Up Millions in Gold Rush Era Gold • Falcon Fanatic: Journey of a Novice Detectorist • Las Médulas—The Gem of the Roman Gold Mines • Critical Minerals: Titanium • Melman on Gold & Silver