MELMAN SPECIAL BULLETIN
| By | Leonard Melman |
|---|---|
| Date | September 6, 2007 |
The Melman Report - Melmania
This is being written at 9:45 AM PDT and the precious metals markets are in the midst of a furious rally with the following current quotes:
Gold - Spot $695 - up $15
Silver - Spot $12.43 - up $0.27
Platinum - Spot $1285 - up $17
Palladium - Spot $334 - up $4.00
These rallies are having a powerful effect on the price of mining shares as illustrated by the current chart of the “XAU” gold mining share Index which is moving powerfully higher.
As can be seen, the XAU is up eight points - or about five percent on the day and is moving toward a powerful breakout to the upside at the 160 level.