A Melman Minute By: Leonard Melman   August 12, 2008   Unfortunately, due to early flight connections, this will be an abbreviated MM.   As 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 the base metals.  Crude remains near $113 per barrel and the financial markets look to open slightly lower.   Suffice it to say that many 'red warning flags' are flying regarding whether these declines are the beginning of major moves, or rather just corrections within ongoing trends.   Will report later from Yellowknife, NWT.         ◄  Previous Minute                                                                                                          Next Minute  ►
		DISCLAIMER The information presented above is based on data which we believe to be from reliable sources, but the accuracy of which cannot be guaranteed.  Any opinions or predictions contained herein are those of the editor and are likewise offered also for information purposes only. Any investment decisions should be made only following consultation with registered investment professionals.