GATA Releases Open Letter to the Press
October 1999 by Bill MurphyIt is time to wake up to what has been going on in the gold market. I can understand some initial reticence about grasping what The Gold Anti-Trust Action Committee has been telling you: that the gold market is being manipulated. No one wants to believe that, but enough is enough.
Given the enormous expenditures that are required to bring any mining property into production, the industry can ill afford a regulatory system which, by reversing already existent approvals, can nullify the value of funds already expended.
Lower Coon Mountain is located in the Klamath Mountains, some 10 to 15 miles east of Crescent City (pop. 4,400), which rises to an elevation of 2,841 feet. It is heavily forested except for a few areas that are underlain by serpentine. The mountain, which trends northeast, is bounded on the north by Craigs Creek, and on the south by Coon Creek.
Modern-day placer miners have many advantages over the prospectors of the gold rush days. Our prospectors can reap many benefits from accumulated knowledge of the last 100 to 150 years, which is a long and impressive list.
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