Melman on Gold & Silver
January 2005 by Leonard MelmanThe year 2004 feels much like the fabled month of March, entering like a lion, remaining stormy for much of the time, but exiting like a lamb. It is almost eerie how there has been a reduction of tension throughout the investment communities, both conventional and precious metals, in the past few weeks.
The Michigan Court of Appeals overturned a lower court ruling that had blocked the state Department of Environmental Quality from deciding whether to issue a permit for a nickel and copper mine in the Upper Peninsula.
Carbonatites are rocks that formed from molten calcite or dolomite. The thought of calcite being molten lava is difficult to accept, but it was confirmed when it poured out of a vent in Tanzania in 1960.
Mergers and acquisitions continue at a record pace in 2006 as companies attempt to replace dwindling reserves. Mining companies find that it is more expedient to purchase additional reserves by acquisition than to spend time and money for exploration and startup, even more so when their stock prices are much higher as compared to recent years.
Since we first reported on this story in January 2001, the Gold Anti-Trust Action Committee has been active with their investigation of possible gold price manipulation by the US government, large bullion banks, and the Bank of International Settlements (BIS).
The Bush Administration couldn’t seem to avoid pitfalls as the all-important fall elections approached and the latest scandal involving sexually explicit messages between (former) Congressman Foley and a congressional page could not have come at a worse time for the President’s party.
Environmentalists were happy when the state adopted rules governing an underground mining method that hadn’t been tried in Michigan. Now they’re angry.
The Gold Eye placer claims, located in the La Cholla district of Arizona, are still producing some beautiful gold. From the days of the Spanish explorers and Mexican miners, men have tunneled into the earth in search of gold in this area.
The Bawl Mill • Convention Report • Interview with Congressman Gibbons on Mining Law Reform • The Art of Finding Coarse Gold Part II—Pocket Hunting for Residual Placers • Gold Canyon Resources Targets Gallium • Tucson Mountain Chaos • Picks & Pans: Auburn Ravine Gold • Suit Filed to Stop Mining in Northern California • Niobium and Tantalum • The Iola Mine Group, Montgomery County, North Carolina • Effectively Using a Detector and Drywasher for Placer Gold • Mining Companies Use Conservative Valuations • Company Notes • Accident at Robinson Mine Leaves Two Dead • Looking Back • Mining Stock Quotes and Mineral & Metal Prices