Melman on Gold & Silver
February 2005 by Leonard MelmanMost American markets greeted the first few trading days of the new year with substantial selling. Compared to their 2004 year-end levels, by January 11, the Dow Jones Industrial Average had declined almost 300 points, the NASDAQ Composite had fallen from 2,185 to near 2,080 while the S&P 500 had dropped from 1,217 to 1,183.
What it takes to move gold is turbulent, fast-moving water. Normally the water is heavy with clay and all sorts of sentiments that have been ripped up from the bed of the river or carried down from the tributaries above.
• Re: Tyrie's Roadway Nugget
• Re: Are Permits Needed for Highbanking in California
Clay described working the placer claim with his D-6 in 1998, “when this big one just rolled....."
Based on historic indicators, last month’s precious metals performances gave us two reasons for optimism.
Q: Can you offer any information on proper mining claim procedures?
• Caught on camera...
• Taxpayers can’t go “cold turkey”
• Hurricane FEMA wipes out 1,800 homes
Like almost 200 other Silver Valley miners, Butch Dempsey used to work at the Sunshine Mine in Kellogg. But, along with dozens of the others, he now works for the Columbus, Montana-based Stillwater Mining Co., about 400 miles to the east...
The Bawl Mill • Shortage of Mining Engineers Projected • Ex-MarketWatch Mining Promoter Settles Charges • Carbonatites • Sage-Grouse Listing Denied • The Art of Finding Coarse Gold—Part III • Tongass Approves Kensington Mine Plan • PLP Interim Rule Raffle • California Miners Locate Rich Pocket of Specimen Gold • The Lucky Shot Mine • BC Premier Heralds "Golden Decade" in Forestry and Mining • Drywashing for Eluvial Gold in the Desert—Using a Portable Drywasher and Hand Tools • Claim Filings Up in the Northwest • Canadian Officials Foresee Little Impact From Mine • Coeur d'Alene Mines Sees Future in Bolivia • The Golden Highway—Nevada County • Mining Stock Quotes and Mineral & Metal Prices • Looking Back