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Melman on Gold & Silver
September 2008 by Leonard Melman
...one of the hallmarks of the past month has been a series of incredibly swift reversals that have shaken virtually every market we follow. From the end of July through mid-August, both precious and base metals have fallen sharply; the petroleum complex has likewise come under heavy selling...Melman on Gold & Silver
During the past month, we have witnessed an orgy of buying on many of the world’s markets with Japan soaring by over 1,000 points (see Nikkei chart), Germany and France rallying strongly and here in America, the NASDAQ Index has risen to over 1,700 (see chart). However, when we look at the economic fundamentals, it appears to be a case of, as Sir Winston Churchill might have put it, “Never have so many become so excited about so little.”
ICMJ 9th Annual Photo Contest Results
See the top 10 winners!
Carr Fire Gold
After burning more than 350 square miles, the Carr Fire near Redding, California, was finally out. Luckily our home was spared, and I had the opportunity to go metal detecting in burned areas previously too overgrown to access.
The Bawl Mill
• Buying time
• Oops!
• Printing more money for banks and businesses...
• Food stamps = stimulus?
Hidden Features in Venezuela
Venezuela is considerably larger than the state of Texas and is located on the north coast of South America. The capital city of Caracas (pop. 4 million) is some 2,135 miles south of New York City. Most of the population is in the northern half of the nation, with paved highways connecting the principal cities and towns. The Orinoco River flows through the southern and central parts of the country, and much of the travel into the interior is along that river and its tributaries.
Melman on Gold & Silver
Once you have had a chance to look at our charts and quotes for this issue, I have one bit of advice. "Don't go running off to see your optometrist!"
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The Bawl Mill
• Legislative and Regulatory Update
• Ask The Experts—Columbium/Niobium
• Ask The Experts—How do I work this large quartz vein?
• Cashing In Your Gold: Working With A Refiner
• Our Readers Say
• Major Miners Go on Buying Spree
• The Big Gold Strike
• Gold Deposits Of South Carolina
• Investing In Junior Mining Stocks
• Bella's Birthday Nugget
• Hidden Treasure Mine—Foresthill Divide, California
• Jerritt Canyon Mine Lays Off 400
• Teenager Finds Large Nugget
• Winnemucca Rising While Other Towns Falter
• Mining Stock Quotes
• Utah Mining History Being Erased
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