The Business of Mining: Unlimited Possibilities With LLCs
January 2011 by Mark E. BattersbyOnce all of the pros and cons are considered, many miners and prospectors have discovered the so-called “Limited Liability Company” is the most profitable operating entity for their venture.
After six years of primarily sideways action, gold broke decisively to the upside by breaking above strong resistance between $1,350 and $1,400 by soaring to near $1,450 before correcting moderately.
While gold’s chart has recently confirmed its short-term negative trend, the intermediate trend remains neutral while gold’s long-term chart is beginning to show some positive indications.
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.
A matter of some serious concern has developed in the relationship between the prices for gold and silver and the performance of mining share averages.
Unquestionably, it was the other side of the Atlantic Ocean—that is the European side—that provided virtually all the political, economic and social fireworks during the past month.
The Bawl Mill • Our Readers Say • Ask The Experts—Amalgamation • China Gold Imports Increased 500 Percent in 2010 • Tips for Effective Drywashing • Legislative and Regulatory Update • The Downieville Gold District • Rattler's Gold • Successful Gold Prospecting • US Mint to Offer Other Precious Metal Coins • Silver Boom Prompts Idaho Mine Expansion • Melman on Gold & Silver • Mining Stock Quotes & Mineral and Metal Prices