Melman Minute History

Every recovered Melman Minute, most recent first.

A Melman Minute — May 7, 2014One of the more interesting stances to take in reaction to public pronouncements is to be rationally skeptical, or in other words, to be a "contrarian." One of the more interesting sayings…
A Melman Minute — May 5, 2014Once again we are able to suggest at least two positive interpretations regarding gold's short-term (daily, six-month)…
A Melman Minute — January 27, 2014NOTE: It has been a distinct honour to have received an invitation to address the Financial Conference at the giant PDAC convention, the world's largest annual mining gathering, scheduled…
A Melman Minute — August 21, 2013By the strangest coincidence, my recent reading 'assignment' has been to immerse myself in Churchill's six-volume series concerning events before, during and immediately after World War II.…
A Melman Minute — April 15, 2013The numbers which we are witnessing this morning relating to precious metals investments are staggering - and, regrettably, they are severely to the downside. As this is written early in…
A Melman Minute — April 12, 2013If a picture - or chart - is worth a 'thousand words', then on occasion two pictures - or two charts - could be worth even more. I believe this is one of those times. Please note the…
A Melman Minute — February 1, 2013Let’s have a little fun with numbers. The 2000 US Census showed a total American population of 281,424,000 and the 2010 Census showed 308,745,000 - a gain of 27,321,000 in ten years, or an…
A Melman Minute — November 2, 2012On the last evening of the "Silver Summit" in Spokane, WA, a "Speakers and Sponsors" dinner was held. It was a very enjoyable evening, capped off by the emcee asking for a spontaneous…
A Melman Minute — October 31, 2012Halloween eve will make its annual appearance tonight and while the kiddies may simply focus on their fun and treats, adults around the world have some real 'ghosts and goblins' to worry…
A Melman Minute — October 29, 2012Thanks to that dandy storm, Hurricane Sandy, securities markets which have their home in New York City are shut down for the day, sharply limiting both trading volume and the flow of…
A Melman Minute — October 26, 2012NOTE: Mr. Melman is now appearing at the "Silver Summit" in Spokane, WA scheduled for October 25-26. He has appeared on an industry panel on the 25th and offering a presentation entitled…
A Melman Minute — October 25, 2012NOTE: Mr. Melman is now appearing at the "Silver Summit" in Spokane, WA scheduled for October 25-26. He has appeared on an industry panel on the 25th and offering a presentation entitled…
A Melman Minute — October 22, 2012NOTE: Mr. Melman will be appearing at the upcoming "Silver Summit" in Spokane, WA scheduled for October 25-26. He will be appearing in an industry panel on the 25th and offering a…
A Melman Minute — October 17, 2012NOTE: Mr. Melman will be appearing at the upcoming "Silver Summit" in Spokane, WA scheduled for October 25-26. He will be appearing in an industry panel on the 25th and offering a…
A Melman Minute — October 15, 2012NOTE: Mr. Melman will be appearing at the upcoming "Silver Summit" in Spokane, WA scheduled for October 25-26. He will be appearing in an industry panel on the 25th and offering a…
A Melman Minute — October 10, 2012NOTE: Mr. Melman will be appearing at the upcoming "Silver Summit" in Spokane, WA scheduled for October 25-26. He will be appearing in an industry panel on the 25th and offering a…
A Melman Minute — October 9, 2012One of the most unusual repetitive patterns we have seen over the past couple of years is a period of heightened activity followed by a period of almost perfect calm. We offer several…
A Melman Minute — October 5, 2012According to the general consensus of opinion, round one of the Presidential Debates of 2012 came off as the "puncher" versus the "punching bag", with Romney in the former role and Obama as…
A Melman Minute — October 3, 2012Well, tonight's the night when the political wars really heat up. From 6:00 PM - 7:30 PM PDT (9:00 - 10:30 EDT; 8:00 - 9:30 CDT) President Obama and "wanna-be" Presidential Candidate Romney…
A Melman Minute — October 1, 2012It is beginning to appear that they have thrown in the towel. The "they" in this case is the forces for austerity which appeared for a while to be holding the upper hand in negotiations to…
A Melman Minute — February 9, 2012It seems to us that in one particular manner, the year 2012 has not started with a "bang", but rather with some sort of "slither". After two or three years of dynamic, fast-paced…
A Melman Minute — November 28, 2011The repetitive nature of news patterns has become so pronounced that even leading commentators on financial news media are beginning to use the phrase, “Groundhog Day Syndrome.” The phrase,…
A Melman Minute — November 25, 2011During the two most recent mining conferences which I attended and at which I had the honor of presenting workshops, one of the themes I heard most often was how the performance of many…
A Melman Minute — November 23, 2011FUN WITH FIGURES – If any economic number clearly demonstrates the perilous waters now being entered by the United States government, it is the US National Debt data. This past Friday, the…
A Melman Minute — November 21, 2011Somehow, life in the financial media lane is beginning to remind us of the movie “Groundhog Day” when the pattern of each day becomes nothing but a repetition of the preceding one, or like…
A Melman Minute — November 17, 2011Only the most vivid optimist looking at the financial world through a pair of rose-coloured glasses could fail to see that the European crisis is beginning to spread in truly ominous…
A Melman Minute — November 14, 2011In our opinion here at TMR, an epidemic is sweeping across the Western World and it is one we believe is inflicting a terrible disservice. I am referring to the recently-developed talent…
A Melman Minute — November 7, 2011One of the great benefits of trading charts is that they are able to convey information on months of activity within a single glance, as opposed to attempting to absorb days, weeks, months…
A Melman Minute — November 4, 2011One of the central themes at “The Melman Report” is that the world is already drowning in fiat currency and the outlook, as we see things, is that the path is wide open for the unlimited…
A Melman Minute — November 2, 2011One can only wonder just how many outright failures, how many revisions to set plans, how many reversals, dodging and evasions regarding already-announced plans it will take before the…
A Melman Minute — October 31, 2011Every so often, it would appear worthwhile to re-state our overall thinking on economic matters as they relate to both the precious and base metals. The present time period seems to qualify…
A Melman Minute — October 28, 2011Well, if the world’s financial markets are to be believed, Europe’s financial problems have been resolved, America is headed back toward renewed prosperity and, as Churchill might have put…
A Melman Minute — October 26, 2011The swings in fortunes for both the base and precious metals over the past few weeks have been nothing short of astonishing. Since early September, gold has endured a top-to-bottom loss of…
A Melman Minute — October 24, 2011Please note, this will be an abbreviated Melman Minute due to travel schedules for our return to British Columbia. However, several themes in the morning news are worth…
A Melman Minute — October 19, 2011Signs are beginning to appear that the inflation dragon might be in the process of re-awakening, despite the fact that many observers might have concluded it had been slain, perhaps…
A Melman Minute — October 17, 2011Two figures stood out during our weekly review of reams of economic data and, quite frankly, both give us pause for serious concern regarding the general economic future. The first,…
A Melman Minute — October 14, 2011What started as a minor curiosity and then grew next in a rapidly-expanding intrusion into our daily consciousness has now burgeoned into a full-blown phenomenon. Of course, we are…
A Melman Minute — October 12, 2011Strong buying in gold and silver during the overnight hours has resulted in sharply higher openings in North America this morning. Gold has surged by almost $30 and is once again…
A Melman Minute — October 7, 2011HERE WE GO AGAIN! As the chart below depicts so clearly, the world’s financial markets, as exemplified by the Dow Jones Industrial Average, have embarked on a series of rallies followed by…
A Melman Minute — October 5, 2011As we have noted previously, there are two particular types of information we consider in arriving at our suggested price movement estimates. One is ‘fundamental’, or an analysis of general…
A Melman Minute — October 3, 2011On a personal note, it is good to get back home to the familiar surroundings of my welcoming writing studio, accompanied by my library, sources of media and Internet information and other…
A Melman Minute — September 30, 2011There is a word which has been raising its ugly head on an increasing basis, and we at The Melman Report can take credit for warning you several months ago that due to increasing…
A Melman Minute — September 26, 2011It always amazes us just how quickly market sentiment can change, both negatively and positively and, in the case of last week’s volatile markets, it took only one word from the Fed to send…
A Melman Minute — September 16, 2011Details of the latest ‘rescue’ program (just how many have there been?) are now emerging and, given the nature of this latest European plan, it is easy to conclude that the level of…
A Melman Minute — September 15, 2011Once again, markets have turned a blind eye to the same troubles that consumer their interest and reversed their previous actions. After fretting about the immediate problems which might…
A Melman Minute — September 9, 2011NOTE: Mr. Melman will be appearing at the Cambridge House Toronto Resource Conference of September 15 and 16. He will be chairing corporate presentation panels, presenting his own workshop…
A Melman Minute — September 7, 2011Several issues past, we noted a trend which was becoming apparent and recent events appear to be confirming its continuing existence. We are referring to a pattern of heightened impending…
A Melman Minute — September 6, 2011Thanks to the long weekend just past, we were able to update some of our economic research at “The Melman Report” and one particular study is radiating bright “red warning flags”. We are…
A Melman Minute — September 2, 2011It appears that after several months of seeming disjointed action where many market moves did not follow a normally predictable path, we have finally entered a period when market reactions…
A Melman Minute — August 31, 2011It is truly amazing how often we see the same errors being repeated over and over again. This morning’s news wires present us with two examples to illustrate the…
A Melman Minute — August 29, 2011If there was one phrase which describes the general reaction relating to financial markets around the world this morning it is a “sense of relief” that things have not turned out to be as…
A Melman Minute — August 26, 2011Well, the world had been holding its breath waiting for word from Fed Chair Ben Bernanke, wondering what majestic programs the Fed Chairman might tell us about in his long-awaited address…
A Melman Minute — August 24, 2011When we wrote the following comment this past Monday, we didn’t expect quite the immediate and drastic market action which…
A Melman Minute — August 22, 2011Gold – and now silver as well – continue to confound doubters by moving relentlessly higher. The yellow metal is now knocking on the doorstep of $1,900 per ounce while silver is moving…
A Melman Minute — August 19, 2011Just a few months ago, virtually no one would have predicted the power of gold’s monumental move of the past several weeks. It has caught virtually everyone by surprise, including…
A Melman Minute — August 18, 2011Anyone who knows me personally is aware that I have a definite aversion to using profanity, but this morning I find only one description of various ongoing information releases to be of…
A Melman Minute — August 15, 2011One of the subjects dealt with in a recent Melman Minute was the concept of trading volume relating to the direction of a major market move. Unfortunately, at that time we had only a few…
A Melman Minute — August 12, 2011Markets appear to have calmed down somewhat, at least for the moment, which makes this lull an excellent time to take a step back and evaluate recent market moves and attempt to suggest…
A Melman Minute — August 10, 2011One of the most interesting divergences we have noticed of late is the enormous difference in the performance of gold compared to the other ‘semi-monetary’ metals such as silver, platinum…
A Melman Minute — August 8, 2011The central point of our 2011 Forecast for gold, silver and platinum was a specific prediction that the general public would begin to lose faith in the ability of the political and…
A Melman Minute — August 5, 2011When we went to sleep last night, it was impossible to avoid wondering what the markets might deliver this morning. After all, Thursdays trading results included the TSX Index down by over…
A Melman Minute — August 3, 2011The gold market has clearly given its verdict on the recent United States Congress concept of a solution to the American debt crisis. We believe gold is saying, as succinctly as possible,…
A Melman Minute — August 2, 2011It is amazing just how wrong the conventional media can get things. Once President Obama made his Friday speech announcing that a resolution to the debt default crisis was at hand something…
A Melman Minute — July 29, 2011Of all the attributes of gold, one of the least understood or mentioned is that it often functions as a reverse thermometer of societal stability. In other words, as the functions of…
A Melman Minute — July 27, 2011Quite recently, we wrote about the seeming non-conformity of gold and the US Dollar rising in tandem, rather than moving in the opposite direction as had been the normal case for most of…
A Melman Minute — July 25, 2011It has been our pleasure to have been commenting, in one way or another, on political and economic events and how they have affected our world of precious and base metals mining for almost…
A Melman Minute — July 22, 2011Every so often, a political or international financial leader says something that perhaps provides a little more information to the public than might have been intended. I believe such was…
A Melman Minute — July 20, 2011Since I will be traveling on another mining assignment overnight Tuesday and most of Wednesday and therefore will be unable to present current market information, I thought it might be…
A Melman Minute — July 13, 2011Somewhere just after 6:00 AM PDT, the price of gold passed another milestone, trading for the first time ever in excess of $1,580 per ounce on a major commodity exchange. The chart clearly…
A Melman Minute — July 11, 2011It has been said that a picture is worth a thousand words, and I suppose the rule also applies to well-selected charts. In todays case, then, we are about to offer two thousand words worth…
A Melman Minute — July 8, 2011Markets this morning were stunned by a profoundly negative U.S. Department of Labor jobs report which showed that only 18,000 new jobs were created by the U.S. economy during June, far, far…
A Melman Minute — July 6, 2011The first half of 2011 is now fodder for the history books of the future, so it seems appropriate to take a look back at our annual forecast, issued at the end of December 2010, and see if…
A Melman Minute — July 5, 2011Somehow, during the rush of stories about the Greek default crisis, the American budgetary crisis, the coming struggle over the USA debt limit crisis and the other attention-grabbing…
A Melman Minute — July 3, 2011What a week to be absent from the markets we follow! While we were enjoying the benefits of South American jungle travel last week, markets from precious metals to interest rates to…
A Melman Minute — June 29, 2011After spending the better part of two days in Guyana, including all day yesterday either flying over or immersed in true tropical jungle, it is easy to draw two conclusions from our mining…
A Melman Minute — June 27, 2011We have a very early flight this morning and only have time for two quick…
A Melman Minute — June 24, 2011Due to the extreme pressure of hard deadlines combined with preparations for our forthcoming trip to Guyana, South America, this mornings Melman Minute must, of necessity, be both late and…
A Melman Minute — June 22, 2011In an important move which appears to have caught many observers by surprise, gold appears to be moving higher once again and now stands on the brink of an important technical breakout. As…
A Melman Minute — June 20, 2011It is worth repeating one of our favourite quotes at this time, authored by the renowned Winston Churchill. It…
A Melman Minute — June 17, 2011Greetings from the Shining Tree Camp mining area is northern Ontario located between Sudbury and Timmins, both major mining…
A Melman Minute — June 15, 2011Markets on Tuesday rallied sharply, specifically including the recently quiet commodity markets, with gold, silver, the base metals and the petroleum complex all headed higher. At the other…
A Melman Minute — June 13, 2011For some reason, the old movie Groundhog Day keeps coming to mind. For those not familiar with that films plot, Bill Murray plays a gentleman who must live through recurring Ground Hog days…
A Melman Minute — June 10, 2011Those of us who have been observing and writing about the worlds economic structure for more three decades or more will not likely ever forget the Japanese Miracle. Left for dead following…
A Melman Minute — June 8, 2011PERSONAL NOTE - Many thanks to those attending the just-concluded Cambridge House Resource Conference in Vancouver. Despite excellent weather which might have induced some potential…
A Melman Minute — June 3, 2011NOTE: Mr. Melman will be speaking at the upcoming Cambridge House Resource Conference in Vancouver, scheduled for Sunday, June 5 and Monday, June 6. He will be offering a PowerPoint…
A Melman Minute — June 1, 2011NOTE: Mr. Melman will be speaking at the upcoming Cambridge House Resource Conference in Vancouver, scheduled for Sunday, June 5 and Monday, June 6. He will be offering a PowerPoint…
A Melman Minute — May 31, 2011NOTE: Mr. Melman will be speaking at the upcoming Cambridge House Resource Conference in Vancouver, scheduled for Sunday, June 5 and Monday, June 6. He will be offering a PowerPoint…
A Melman Minute — May 25, 2011Todays news background has been relatively quiet, particularly in terms of short-term developments. Therefore, this gives us an opportunity to devote some time to questions which could have…
A Melman Minute — May 24, 2011Market action in gold over the past few days has been most encouraging for those who believe the yellow metal still remains inside an ongoing golden bull market. The yellow metal advanced…
A Melman Minute — May 19, 2011It always amazes us just how automatically the general media can accept concepts without examining relevant facts which might contradict the very argument they are presenting. The collapse…
A Melman Minute — May 16, 2011We would be remiss in our duties to The Melman Report readers if we did not remain as objective as possible in these columns. Within that thought, although we remain bullish on our long…
A Melman Minute — May 13, 2011One of the advantages of having a few extra years of having analyzed markets is that we can relate, at least on some significant level, to the saying that, there is nothing new under the…
A Melman Minute — May 11, 2011While we do not normally indulge in political editorial commentary at The Melman Report, I found a recent cartoon which was published in several Canadian newspapers so offensive in nature…
A Melman Minute — May 9, 2011An important part of our analysis work at The Melman Report is to consider price action within the proper time perspective. In other words, what might appear to be drastic action on the…
A Melman Minute — May 6, 2011It is one thing to attempt to predict the direction of where a given market will head, a task which might be undertaken knowing that markets can offer genuine surprises. However, it is…
A Melman Minute — May 4, 2011It is difficult to recall a time when so many headlines of great importance, particularly in their relevance to our world of precious and base metal mining, were flying around the world at…
A Melman Minute — May 2, 2011While there is much rejoicing within the mining community concerning the rapid rise in prices for the precious metals group, there has been some questioning and wondering why the moves in…
A Melman Minute — April 29, 2011We were studying the long term (25-year) chart of gold recently when several observations seemed to pop right off the…
A Melman Minute — April 27, 2011On a personal note, it was a great pleasure to speak at the just-concluded ICMJs Prospecting and Mining JOURNAL (formerly California Mining Journal) prospectors and miners gathering at…
A Melman Minute — April 20, 2011We are seldom amazed when politicians begin acting like, well, politicians and statements yesterday by both President Obama and Treasury Secretary Geithner followed the old familiar pattern…
A Melman Minute — April 18, 2011Ever since the reunification of America following their Civil War a period of almost 150 years - one of the bed-rock financial concepts of this planet has been that debt secured by the…
A Melman Minute — April 15, 2011If there is one bedrock principle we have followed since the initiation of this site, it has been to keep ones attention focused on the powerful trends, rather than day-to-day fluctuations…
A Melman Minute — April 13, 2011As long term readers know, at The Melman Report we do not normally make recommendations regarding particular political parties and the forthcoming Canadian national election is no…
A Melman Minute — April 6, 2011There is little doubt in terms of our headline news for this morning, since both silver and gold have been powering ahead for the past few days into either all-time record or multi-decade…
A Melman Minute — April 4, 2011NOTE: With the United Stated debt limit confrontation nearing its final stages, we believe it is worthwhile to inform our readers regarding just how close the USA is coming to a final…
A Melman Minute — April 1, 2011Yes, indeed, this is April Fools Day but the above headline is no joke as North American financial markets are continuing along the path of ignoring all the actual and potential calamities…
A Melman Minute — March 30, 2011Miners around the world received yet another jolt within the past few days when they learned just how irrational foreign governments can behave, and it matters little to the lesson that the…
A Melman Minute — March 23, 2011Perhaps the most difficult task of all for the objective analyst is to separate those influences which are short term and shift with day to day emotions and those which are of longer…
A Melman Minute — March 21, 2011Anyone who believes in the inherent logic of markets had better take a step back this morning. At one and the same time, financial markets are telling us that international actions to…
A Melman Minute — March 18, 2011One of the curiosities of modern economic life is the manner in which government provides us with information. In the present case, we are referring to the consumer inflation readings…
A Melman Minute — March 16, 2011For sheer drama, it is almost impossible to conceive of a more terrifying background than the consequences of the Japanese earthquake, subsequent tsunami and resultant damage to that…
A Melman Minute — March 14, 2011All Shockingly tragic images from Japan have been wending their way around the world since last Friday's mammoth earthquake and resultant tsunami, and we still do not have anything…
A Melman Minute — March 11, 2011All other news considerations have taken a back seat this morning to the powerful 8.9 level earthquake and subsequent tsunamis that have rocked Japan. Many people have died, huge damage has…
A Melman Minute — March 9, 2011Well, this year's giant PDAC gathering is about to wrap up for another year and, aside from any other facts and figures, this will go down in history as one of the largest, if not THE…
A Melman Minute — February 23, 2011Yesterday we noted some of the important developments which have been driving markets and today, we will continue to list several…
A Melman Minute — February 22, 2011A truly significant number of major events are taking place within the present general time frame so let's take them one at a…
A Melman Minute — February 21, 2011Due to the "Presidents' Day" holiday in America, all of their major markets are closed for the day, so we will offer only an abbreviated MM today and prepare a full-length one for tomorrow…
A Melman Minute — February 14, 2011NOTE: Mr. Melman will be participating in the Cambridge House Phoenix Resource Conference on Friday-Saturday, February 18-19. He will hosting an industry presentation panel on Friday,…
A Melman Minute — February 11, 2011By far the most covered news event of the past two weeks has been the rioting and unrest in Egypt. News coverage has come from several directions with many stating that the people of Egypt…
A Melman Minute — February 9, 2011During the past few days, I have been catching up on the flow of data which accumulated during my recent visit to South America. One of those sets of data reveals a pattern which is…
A Melman Minute — February 7, 2011One of the advantages of the extensive traveling which has become part of my personal career is the opportunity to compare national histories, economic backgrounds and other factors which…
A Melman Minute — February 4, 2011I am writing this from beautiful Asuncion Paraguay. While the city may be beautiful, unfortunately their power system is not and our hotel current is interrupted by frequent short outages,…
A Melman Minute — January 18, 2011When we look forward to the remainder of 2011 in terms of potential major influences on the precious metals, several important themes begin to appear and perhaps the most important of all…
A Melman Minute — January 17, 2011Due to the American "Martin Luther King" holiday, all major US securities and commodity markets are closed and many important financial publications and websites are shut down for the…
A Melman Minute — January 14, 2011NOTE: Mr. Melman will be speaking at the upcoming Cambridge House Resource Conference scheduled for Sunday-Monday, January 23-24 in Vancouver, BC. He will be appearing in a panel discussion…
A Melman Minute — January 12, 2011Despite all the rhetoric surrounding the most recent U.S. elections and despite all the hard-nosed talk from European leaders about finally putting an end to their wild-spending ways, we at…
A Melman Minute — December 31, 2010In a few hours, the New Year of 2011 will be upon us and it is time to take our annual look forward and estimate where prices for the world's monetary precious metals, gold and silver,…
A Melman Minute — December 29, 2010As noted yesterday, we are becoming more convinced with the passage of time that rising visible price inflation will be one of the major stories which will fill headlines during 2011 and we…
A Melman Minute — December 28, 2010APOLOGY: Please accept our apology for not posting a "Melman Minute" as had been scheduled for yesterday. We had overlooked the fact that Monday became the official "Boxing Day" holiday and…
A Melman Minute — December 22, 2010We always find it interesting when the actions of ordinary people stand out in stark contrast to the utterances of the political establishment. One such case relates to the promises of…
A Melman Minute — December 10, 2010Well, it appears that a spate of good economic news it making its appearance once again, at least for the short term and this collection is having some clear effects on various markets. A…
A Melman Minute — December 9, 2010Our world of mining has been making headlines on its own of late and one that caught our eyes was an item in Canada's "Financial Post" which read, "Mining sector faces host of new…
A Melman Minute — December 6, 2010There are times when I truly wish that somehow an open line to Ben Bernanke could be magically established in order to pose some direct questions to this eminent leader of the world's…
A Melman Minute — January 10, 2010Isn't it strange how the same things - with minor variations - seem to happen over and over again? In fact, a foreign phrase, "deja vu", has been coined to cover such situations and our…
A Melman Minute — January 7, 2010One of the themes we have stressed during the past couple of years is the fact that governments at many levels are truly strapped to the limits to pay both for the services they provide as…
A Melman Minute — January 5, 2010Several days ago, I wrote about a vision based on watching film from the giant tsunamis of late 2004 which suggested the economic trauma of 2007-2010 was only a prelude to a giant tsunami…
A Melman Minute — January 4, 2010What a strange world this has become for the mining industry! Just when mining executives perhaps got the idea that it was safe to come out of their environmental bunkers, yet another…
A Melman Minute — August 19, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — August 17, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — August 14, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — May 22, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — May 20, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — May 19, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — May 15, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — May 13, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — May 11, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — May 8, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — May 6, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — May 4, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — May 1, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — April 29, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — April 27, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — April 24, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — April 22, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — April 20, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — April 17, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — April 16, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — April 13, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — April 8, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — April 7, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — April 2, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — April 1, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — March 30, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — March 27, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — March 25, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — March 23, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — March 20, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — March 16, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — March 13, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — March 11, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — March 10, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — March 4, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — March 3, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — March 2, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — February 24, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — February 23, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — February 20, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of the developing international financial crisis and its relationship to gold and silver, new "Melman…
A Melman Minute — February 18, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — February 17, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — February 13, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — February 11, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — February 9, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — February 6, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — February 4, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — February 3, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — January 30, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — January 28, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — January 27, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — January 23, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — January 21, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — January 19, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — January 16, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — January 14, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — January 12, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — January 9, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — January 7, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — January 5, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — January 2, 2009NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — November 5, 2008NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — September 05, 2008NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — September 04, 2008NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — September 03, 2008While there is still a great deal of debate whether the recent commodity price corrections constitute a complete reversal of the long-term upward price movements or are instead important…
A Melman Minute — September 02, 2008NOTE: In order to complete Mr. Melman's forthcoming book on the essential fundamentals of gold and silver, new "Melman Minutes" will be posted only three times per week, each Monday,…
A Melman Minute — August 29, 2008One of the difficulties facing companies who choose to partake in mineral exploration and development in foreign nations, particularly those located in undeveloped nations without a lengthy…
A Melman Minute — August 28, 2008Gold has been trading higher early this morning, feeding on overnight buying from Asia and Europe. At its early AM peak, gold was priced as high as (all prices US$) 845 spot and both silver…
A Melman Minute — August 27, 2008How quickly these markets can change sentiment! After dwelling within a structure of deep negativity for weeks, the news background for the base metals has suddenly turned brighter and the…
A Melman Minute — August 26, 2008Cross currents in the news background have left markets little changed on balance at about 8:30 AM PDT. Thanks to concerns about the growth and future track of Hurricane Gustav, crude…
A Melman Minute — August 25, 2008Markets have entered a new stage of late, sort of a 'wait and see' phase. First, the powerful and seemingly relentless trends toward higher gold, higher petroleum, lower securities markets,…
A Melman Minute — August 22, 2008Markets continue to change direction with lightning speed, and today is no exception. Yesterday, we noted that markets had reversed themselves sharply away from the direction of the major…
A Melman Minute — August 21, 2008Watching today's markets in action reminds me of nothing more than the title to one of the true "Golden Oldie" songs from the earlier part of the 20th Century, "What a difference a day…
A Melman Minute — August 20, 2008How quickly mass psychology can change. After unbroken years of faith that the expansion of the mammoth Chinese economy would continue uninterrupted into the future, many analysts are…
A Melman Minute — August 19, 2008Markets this morning are reacting to a series of negative events with gold opening lower near (all prices US$) $788, silver at $12.80 and platinum off by $70 to $1,307 - the lowest price in…
A Melman Minute — August 18, 2008Seldom have I ever seen anything like the recent period of time as it involves the psychology of investing - and nowhere has that been more prevalent than in the junior mining field. A…
A Melman Minute — August 14, 2008Greetings once again from our hotel in Yellowknife, NWT. After spending a day in the splendid and hauntingly beautiful isolation of the Canadian tundra, it is good to be back in…
A Melman Minute — August 13, 2008Greetings from the Canadian Arctic, specifically the city of Yellowknife in Canada's Northwest Territories, a beautiful city on the shores of massive Great Slave Lake, one of the world's…
A Melman Minute — August 12, 2008As of 4:00 AM, gold has stabilized near (all prices US$) $812, after falling to just above $800 in overnight trading, silver and platinum are lower and there are no solid indications for…
A Melman Minute — August 11, 2008One of the most important questions regarding the markets we follow, particularly as it affects the precious metals markets, is the price of petroleum. As anyone who follows the market…
A Melman Minute — August 8, 2008We have heard that in some oriental cultures, the number "8" is a symbol of prosperity plus good fortune and, therefore, today's date of 8/8/08 should carry positive implications. Try…
A Melman Minute — August 7, 2008Market action this morning cannot help but cause some hard money advocates to wonder if there is an 'invisible hand' manipulating trading in some manner as once again, after opening in a…
A Melman Minute — August 6, 2008Today's markets are taking a bit of a breather after yesterday's major moves which saw American markets soar; Canadian markets decline and natural resource stocks suffer through yet another…
A Melman Minute — August 5, 2008One of the great advantages of price charts is that they simply present facts about price movements, without opinion, without bias, without any attempt to put a 'spin' on anything. We can…
A Melman Minute — August 1, 2008News stories continue to pour in which indicate the effects of the economic slowdown/fuel price increases are far from being resolved and, in fact, are acquiring an almost unstoppable…
A Melman Minute — July 31, 2008Unfortunately, this will have to be a 'quickie" MM this morning in order to catch an early ferry into Vancouver. However, as of 7:10 AM PDT, several important market moves have already…
A Melman Minute — July 30, 2008Most of the markets we follow seem determined to continue on their paths of the past few days, namely higher stock market quotes, lower metals, lower petroleum and a high level of general…
A Melman Minute — July 29, 2008Every so often, the markets move in a direction which appears to defy reason and perhaps even sanity. This morning appears to be one of those…
A Melman Minute — July 28, 2008If the goal of the financial markets was to create uncertainty, they should be congratulating themselves at the moment, as based on the past week's action, it is difficult indeed to form…
A Melman Minute — July 25, 2008One of our greatest personal concerns is the overwhelming growth in governments here in Canada and America over the past few years and their tendency to regulate and dominate virtually…
A Melman Minute — July 24, 2008MY APOLOGIES - Sorry for today's MM being a little later than normal, but I did not return from the northern BC trip until the early hours of this morning, and a good night's sleep seemed…
A Melman Minute — July 23, 2008What a difference a day makes! When we completed our MM yesterday and left to catch our plane, the financial markets were lower, gold was higher, crude was higher and pessimism had returned…
A Melman Minute — July 22, 2008The wild optimism that has gripped the financial markets over the past week has eased overnight as traders begin to pay close attention to the flood of Second Quarter earnings now pouring…
A Melman Minute — July 21, 2008While there are indeed times that the saying, "Don't just stand there, do something!" may be appropriate, there are also others when the situation needs to clarify itself and where hasty…
A Melman Minute — July 18, 2008One of the most important technical market tests involves the subject of important reversals, a pattern which is now showing up in several of the important charts we watch on a regular…
A Melman Minute — July 17, 2008Yesterday provided market watchers with yet another example of the "one-day turnaround" both in market psychology and market performance. Growling 'bears' suddenly turned into elated…
A Melman Minute — July 16, 2008SPECIAL FEATURE - Given the acknowledged importance of China and its mammoth economy to the world's financial structure, we have been gathering information on that nation for a special…
A Melman Minute — July 15, 2008Ever since the beginning days of "The Melman Report", we have adhered to the general guiding outline that the world was headed toward serious trouble; that the housing crisis in the USA was…
A Melman Minute — July 14, 2008American patriot Thomas Paine once wrote, "These are the times that try men's souls." He was referring to the time of the American Revolution, but his words might be most applicable to the…
A Melman Minute — July 11, 2008One of our favorite sayings is "The elephant in the room" which relates to an important subject that everyone present wants to avoid. Presumably, if you don't talk about it, the subject…
A Melman Minute — July 10, 2008Action in the precious metals this morning has been particularly strong and, as of about 7:45 AM PDT, (all prices US$) gold was up by about $15 into the low $940s while silver and platinum…
A Melman Minute — July 9, 2008It is absolutely amazing how lawmakers can fail to learn from their past errors - and the hue and cry emanating from the U.S. Senate and the U.S. House of Representatives for limitations on…
A Melman Minute — July 8, 2008This morning's market openings are very much a continuation of yesterday's trends with the precious metals lower on balance, crude oil continuing its correction downward, securities markets…
A Melman Minute — July 7, 2008One of the patterns we have been watching through the past couple of years is at work once again this morning. Just as the currency, petroleum and precious metals markets were about to move…
A Melman Minute — July 4, 2008Americans today are celebrating the issuance of their "Declaration of Independence" on July 4, 1776 and, accordingly, all USA stock and commodity markets are shut down for the…
A Melman Minute — July 3, 2008As long time readers might recall, some of our favorite lines come from the movie industry and one of them originated with the film, "A Few Good Men." Tom Cruise plays a young lawyer called…
A Melman Minute — July 2, 2008In our MM of June 30, we stated that, in our opinion, many of the difficulties now facing the world have their origin in the unrestricted growth in monetary aggregates which has taken place…
A Melman Minute — June 30, 2008What a half-year this has been! We have seen the securities market buckle and then head sharply lower. We have seen one form of credit trauma after another. We have seen the Federal Reserve…
A Melman Minute — June 27, 2008One of our policies at "The Melman Report" has been to avoid political discussions whenever possible. However, we occasionally come across a statement by a political leader that is so…
A Melman Minute — June 26, 2008One of the most troubling developments for the junior mining industry of late has been the substantial decline in prices for the base metals group over the past years. We noted these…
A Melman Minute — June 25, 2008More often than not, it is a worthwhile exercise to review one's fundamental, underlying thesis to determine exactly where today's events fit within that context. Given that "The Melman…
A Melman Minute — June 24, 2008We are all familiar with the story that one of the most dangerous moments in boxing comes when you throw your Sunday punch at your opponent, hit him squarely on the jaw - and he just smiles…
A Melman Minute — June 23, 2008Precious metals markets took it on the chin in early trading as gold plunged by almost $30.000 down to the $784 level before rallying back to the mid-$880s. (all prices US$) Observers noted…
A Melman Minute — June 20, 2008Long term readers will undoubtedly have noticed that we have a certain affinity for charts and we would offer several reasons for this. First, there is some real truth in the oft-quoted…
A Melman Minute — June 19, 2008During the past few weeks, we have been enumerating some of the difficulties faced by mining companies which have chosen to operate in foreign lands. While several nations such as Mexico,…
A Melman Minute — June 18, 2008Every once in a while, it is worthwhile to take a long look at just how powerful has been this relentless bull market in Crude Oil and for that we turn to the historic chart of Crude, going…
A Melman Minute — June 17, 2008Events in Peru over the past 48 hours have surely added another increment of uncertainty regarding foreign mining ventures in that nation. World headlines are being generated in the…
A Melman Minute — June 13, 2008NOTE: Leonard will be participating in this weekend’s Cambridge House World Investment Conference. He will be appearing in the ‘eye-opener’ panel at 8:00 AM Sunday and will be conducting a…
A Melman Minute — June 11, 2008Regrettably, this will be a very brief MM this morning as our private plane is waiting for the flight back to Durango City. We pan to add to this later today, time and travel conditions…
A Melman Minute — June 10, 2008It took an earthquake in the world of petroleum combined with howls of anguish from numerous quarters, but the American political leaders finally got the message that the American currency…
A Melman Minute — June 9, 2008The implications of the Crude Oil price, along with strong moves in Heating Oil and Unleaded Gasoline as well, are enormous. As the price of gasoline and heating oil soar, the extra money…
A Melman Minute — June 4, 2008While Leonard is away please review are Company reports. Also signup for our FREE eMail service of Melman minutes and pertinent information on the companies Leonard…
A Melman Minute — June 3, 2008One of Shakespeare’s most memorable lines comes in King Henry IV, Second Part, when the dying King Henry addresses his son, Prince Henry, with these words, “Thy wish was father, Harry, to…
A Melman Minute — June 2, 2008For a change, we are pleased to note potentially important news which may in fact prove beneficial to the mining community at large and the junior mining industry in particular. We are…
A Melman Minute — May 30, 2008After four days of rather sharp selling, precious metals markets have stabilized somewhat with gold rising back to near $890 (all figures US$), silver once again approaching $17.00 and…
A Melman Minute — May 29, 2008It seems one of country music’s popular songs a few years ago included a lyric which went something like this: “If it weren't for bad luck, I’d have no luck at all.” Well, after studying…
A Melman Minute — May 28, 2008I never thought I would utter a really strong compliment to American government number-crunching bureaucrats, but I must doff my hat to them in a sincere salute. They have accomplished the…
A Melman Minute — May 27, 2008All our markets are back in action after the Memorial Day long weekend hiatus in America and a national holiday in the U.K. and the two most noteworthy moves are both to the negative, in…
A Melman Minute — May 26, 2008Market action this morning has been rather subdued thanks to the fact that exchanges in both America and the U.K. are closed for national holidays. However, overnight trading took place in…
A Melman Minute — May 23, 2008One of our goals at “The Melman Report” is to place news relating to the economic and political background into a larger context, rather than being overly concerned with day-to-day…
A Melman Minute — May 22, 2008Those who optimistically believe that the credit mess which originated from the subprime mortgage fiasco is now virtually over were given a hard, cold dose of reality overnight with the…
A Melman Minute — May 21, 2008Several weeks ago, we included a chart of the Canadian Dollar and noted that we believed the C-Dollar could prove to be a proxy for the resource development world. During the past few…
A Melman Minute — May 20, 2008We have written several times about a unique feature of the news background in recent months, referring to the technique of releasing somewhat negative news, but preceding the actual…
A Melman Minute — May 16, 2008While it is too early to declare that we have truly entered a new bull phase in the price of gold, there is no question that the last two days have certainly reversed the short-term…
A Melman Minute — May 15, 2008In our opinion, one of the great regulatory blunders of all time was enacted by the United States yesterday, and it is a blunder which could have adverse effects on the mining industry,…
A Melman Minute — May 14, 2008Frankly, we admit to finding ourselves growing tired of the “not-as-bad-as-expected- being-interpreted-as-good-news” syndrome. We have just had yet another…
A Melman Minute — May 13, 2008What a difference a day makes! Yesterday, financial and precious metals markets opened lower and then steadily improved. This morning, they opened mostly unchanged and then sold off, in the…
A Melman Minute — May 12, 2008So far this morning, as of about 9:00 AM PDT, the one most notable feature of several markets has been the quick reversal. We have seen gold drop to (all prices US$) near $876 before…
A Melman Minute — May 9, 2008There is an amazing and continuing disconnect between relatively strong recent performance in the financial markets and the generally negative tenor of the news background, including both…
A Melman Minute — May 8, 2008Every so often, an event of such tragic magnitude takes place which, although it is outside our area of particular interest, still requires that we take notice as human beings. Such an…
A Melman Minute — May 7, 2008The strange world of financial markets rising despite a barrage of “bad news” continues uninterrupted this morning as reports from the petroleum and American home sales fronts hit the…
A Melman Minute — May 6, 2008It has certainly been more pleasurable to look at the morning metals’ prices the past few days than has been the case earlier, and this morning is no exception with gold once again above…
A Melman Minute — May 5, 2008Few subjects have received as much financial ink during the past couple of weeks as the once-again respectable U. S. Dollar. We are bombarded with stories about how the Greenback is surging…
A Melman Minute — May 2, 2008Sometimes it is hard to ‘connect the dots’ between news stories, but that does not diminish their potential significance. Also, it is often difficult to make a connection between those…
A Melman Minute — May 1, 2008Here we are at the beginning of a new month, with one-third of 2008 already in the books, and for mining share investors and mining companies as well, on balance it has not been a…
A Melman Minute — April 22, 2008Few subjects seem to raise the emotions like the price of gasoline, which is soaring in Canada, the USA and many other part of the world. As can be seen in the accompanying chart, over the…
A Melman Minute — March 12, 2008Well, things quieted down abruptly following the fireworks of yesterday, a day which saw the Federal Reserve Board and other national central banks ride to the rescue of a fractured and…
A Melman Minute — March 11, 2008Wow!! Talk about a “Reversal of Fortune”, that is precisely what we saw just one hour before financial markets were set to begin trading in North America when the American Federal Reserve…
A Melman Minute — March 10, 2008Quite surprisingly, at least given this past Friday’s sharp declines in the world’s financial and currency markets, trading has opened rather quietly in Europe and North America this…
A Melman Minute — March 7, 2008Financial markets got hit with another dose of bad news this morning when it was reported that job losses in the USA (job gains seem to be a thing of the past in recent months) amounted to…
A Melman Minute — March 6, 2008Once in a while, it is important for any publication to restate its broad underlying thesis as it relates to market activity in the precious and base metals, and, if necessary, to redefine…
A Melman Minute — March 4, 2008Greetings once again from the massive PDAC Convention where almost 1,000 companies are exhibiting to an audience estimated at 20,000 - one of the largest gatherings of miners, investors and…
A Melman Minute — March 3, 2008Growing list of failures in the enormous derivatives marketplace, which few people understand but which is spreading fear and panic among those who…
A Melman Minute — February 29, 2008Important fundamental information regarding supply and demand for the world of gold is provided through several sources, but the most widely read and followed is the World Gold Council…
A Melman Minute — February 28, 2008Gold is surging once again this morning, and is within $35 (all figures US$) of the previously unthinkable $1,000 per ounce level after 90 minutes of trading. The nature of this new…
A Melman Minute — February 27, 2008How else can we capsulize what is going on ‘out there’??? After two hours this morning, gold is at a new historic high, sitting just under $960 (all prices US$) after having reached $965,…
A Melman Minute — February 26, 2008Debates here, debates there, it seems there are ongoing debates about the economies of the world and their effects on our world of precious and base metals mining everywhere. However, two…
A Melman Minute — February 25, 2008Financial markets opened to the upside this morning, building on the powerful rally of last Friday which saw enormous reversals to the upside in the last two hours of trading. As of 8:00 AM…
A Melman Minute — February 22, 2008We have never believed that a proper role of a website such as ours is to offer advice on how to vote. Therefore, you will not be seeing recommendations on these pages regarding which party…
A Melman Minute — February 21, 2008Others, including wheat, corn, heating oil, unleaded gasoline, zinc, lead, copper and nickel are ‘merely’ trading near or at multi-year highs. It is our opinion that these explosions in…
A Melman Minute — February 20, 2008What goes up quickly quite often comes down just as fast. We are referring to yesterday’s powerful commodity price increases, many of which are in reversing mode this A.M. In early trading,…
A Melman Minute — February 19, 2008One of the most frequently heard sayings we encounter is, “You can’t keep a good man down.” Well, today’s markets have altered that saying slightly to, “You can’t keep a good commodity…
A Melman Minute — February 18, 2008It is good to be back in the saddle once again after a hiatus to present our workshop and appear on panels at the recent Cambridge House Phoenix Resource Conference. As always, it was a…
A Melman Minute — February 5, 2008As reports go, it seemed relatively unimportant, but it turned out that the Institute for Supply Management (ISM) report on the service sector of the American economy had a major impact on…
A Melman Minute — February 4, 2008There are many important news events related to our world of precious and base metals, but one paradox which indirectly affects our industry is beginning to stand out. As many observers…
A Melman Minute — February 1, 2008Well, a new month to look at, but one cannot help but be reminded of the old saying, “the more things change, the more they stay the…
A Melman Minute — January 31, 2008It is said that imitation is the sincerest form of flattery. If that is so, your editor cannot help but feel more than slightly flattered this…
A Melman Minute — January 30, 2008Markets this morning are marking time until the Federal Reserve Board announces its decision on the future course of interest rates. Traders have been assuming that there will be a further…
A Melman Minute — January 29, 2008All metals markets are either consolidating recent gains (gold, platinum, palladium and silver) or advancing strongly this morning (copper, nickel, lead and zinc). Apparently, both groups…
A Melman Minute — January 28, 2008This will be coming to you a little earlier than normal this morning as I will be en route to the “Association for Mineral Exploration BC Roundup 2008” conference in Vancouver, British…
A Melman Minute — January 25, 2008While market optimists are congratulating themselves that the worst of the preceding bear markets in the USA and Canada, as well as Europe and Asia, have been turned aside by the aggressive…
A Melman Minute — January 24, 2008Last night, time finally became available to review all the financial publications which had accumulated in my writing studio during the recent Cambridge House Convention in Vancouver. What…
A Melman Minute — January 23, 2008One can only wonder at what Ben Bernanke might be thinking this morning, the day after he threw the proverbial “kitchen sink” at the array of growing economic problems. However, instead of…
A Melman Minute — January 22, 2008First, with American markets close yesterday, the focus was squarely on Asian, European and Canadian markets and the news was dramatically bad with exchanges in Australia and Japan…
A Melman Minute — January 18, 2008As long term readers know, I am a fan - almost a fanatic one - of the late William S. Gilbert of “Gilbert and Sullivan” fame. Not only was he a superbly talented wordsmith, but he also…
A Melman Minute — January 17, 2008One of the most fundamental facts of human existence on earth is that we must provide the basic support systems for protecting our lives and those of our dear ones. In order of basic…
A Melman Minute — January 16, 2008Not too many years ago, a Senator from Illinois, Everett Dirksen, coined a phrase which has enjoyed considerable staying power. During the early 1960s, when the United States Congress…
A Melman Minute — January 15, 2008Greetings from the beautiful town of Hawthorne, Nevada near the Walker Lane mining region of west-central Nevada. This could be one of the up-and-coming gold exploration and development…
A Melman Minute — January 14, 2008BULLETIN - Just prior to heading to the airport, we noted the price of gold had reached new record highs at $914 overnight and was trading near $908 at 4:45 AM PST. A lower dollar was the…
A Melman Minute — January 11, 2008Anyone who believes that there is no inter-connection between events and various financial markets got a genuine object lesson yesterday. The occasion was a closely-watched speech given by…
A Melman Minute — January 10, 2008It would seem reasonable to anticipate at least a short-term correction in the price of gold after the strong rallies since Christmas and, for a while at least, it appeared that today was…
A Melman Minute — January 9, 2008The new year is only into its sixth trading day and already the changes in various markets have been enormous. Gold has soared by over $60 (all prices US$), silver is nearing $16.00, Crude…
A Melman Minute — January 8, 2008Gold bugs rejoice! Today, action in the world’s metals markets drove the price of the yellow metal to the highest US$-denominated price ever recorded, just above the $880 level, exceeding…
A Melman Minute — January 7, 2008Last Friday’s American labor report was a stunner. Not only were economists struck by the fact that new job creation for December came in at a pathetic 18,000 - versus an expected number…
A Melman Minute — January 4, 2008The U.S. government’s anxiously-awaited December jobs report was released at 5:00 AM PST this morning, and all it delivered was a huge lump of post-Christmas coal. Not only did job growth…
A Melman Minute — January 3, 2008Markets have settled down considerably in early trading today following yesterday’s fireworks. Both gold and Crude Oil - which had generated the most dramatic headlines - are relatively…
A Melman Minute — January 2, 2008NOTE: Because of swift and dramatic changes taking place this morning, we have updated market information to reflect conditions at 10:00 AM…
A Melman Minute — December 26, 2007As we write this, there are but four trading days remaining in the old year; today, Thursday, Friday and an abbreviated session on Monday and, if today is any example, the markets are…
A Melman Minute — October 9, 2007Markets this morning have opened relatively unchanged, with the Dow up about 20 points and the TSX down 40 after one hour’s trading. Metals have moved to the upside with gold ahead by $4,…
A Melman Minute — August 9, 2007Those who love market volatility must be thinking they woke up in heaven this morning. Gold, which had been rising, plunged $12 at the opening. Stock markets in the USA and Canada, which…
A Melman Minute — August 6, 2007These are difficult times for the mining investor, particularly those involved in precious metals shares. The great problem is that while quotes on gold, silver and platinum have held…
A Melman Minute — July 26, 2007Watching the markets during the first 90 minutes of trading today is like riding a roller coaster. In America, the Dow opened down 150 points, rallied by almost 100 points, then fell with…
A Melman Minute — July 25, 2007Yesterday’s markets represented an interesting departure from what had been the norm over the past several months or even years. Most frequently, when the markets opened hard down early in…
A Melman Minute — July 19, 2007North American markets opened sharply higher this morning with the Dow Jones Industrials up over 80 points within just a few minutes. It therefore appears that once again the financial…
A Melman Minute — May 24, 2007It always amazes me how readily many observers and market investors are willing to believe that serious societal and economic problems have been resolved, based perhaps on one or two…
A Melman Minute — March 1, 2007The Tuesday-Wednesday combination of a drastic sell-off followed by a tepid rally reminds us of the historic bear market of 1929-1932. Anyone who believes the market simply plunged in one,…
A Melman MinuteWe are please to introduce a new section of "The Melman Report" website as an additional service to our clients. Each market day, unless travel or health conditions interfere, we plan to…