Mining Stock Quotes and Mineral & Metal Prices
March 2011 by Staff
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 is beginning to appear that we are recently witnessing a gradual buildup of background information that could lend strength to the arguments for ultimately higher gold and silver prices.
The great question now is whether the correction that followed was an end to that bull market—or just a lengthy corrective phase prior to another important bullish move. Let’s turn to technical analysis of the chart for a possible answer.
Like 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.
How can it make sense to pass legislation to increase the spending power of the citizenry in order to stimulate economic activity and, at the same time, enact a series of new taxes that will diminish spending power?
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 Bawl Mill • So You Want To Be A Full-Time Prospector? • Ask The Experts—Do I still have rights to this mining claim? • Ask The Experts—What is a "closed" claim? • Eastern Arizona: Gold and Base Metal Deposits Part II • Rediscovering Placerville, California Part II • Prospecting With The Help of Fluvial Geomorphology • Oregon Anti-Dredging Bill • Mud Men: Pocket Miners of Southwest Oregon Part II • The Gold of Plumas de Oro • Melman on Gold & Silver