Melman on Gold & Silver
January 2004 by Leonard MelmanLast month saw a veritable mountain of good economic news come pouring out of government and industry. Industrial production was up; GDP rose strongly; unemployment rates came down; profits were up; consumer confidence readings rose; etc., etc., etc. And yet, strangely enough, the financial markets produced only a “molehill” of results.
• China pays American professors to play for both sides
• Odd times we live in
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
After trading for a specialized gold detector, my gold finds went up in a hurry. Even though those older gold detectors were pretty good, things have changed a lot since then.
The 760-mile-Iong Baja California peninsula, in Mexico, separates the Gulf of California (Sea of Cortez) from the Pacific Ocean. Most of the peninsula is a desert where the traveler can find some of the weirdest plants on Earth...
Rather than using the practice of government seizure of private property to promote economic development, the county is using it to preserve open space.
With the exception of well-established operators with proven reserves and years of field experience, the high price of gold brought a flood of speculators, con men, and real estate brokers into the mix who were not previously engaged in the gold mining market.
The Bawl Mill • From the Editor • Our Readers Say • Forest Occupancy Decision Stands—US Forest Service Withdraws Appeal • World Gold Council Launches New Gold Bullion Securities • Epithermal Gold-Quartz Veins • Gold in Arkansas • Picks & Pans: Winter Prospecting and "Forty Mile" Miller • Company Eyes Reopening Mine Near Troy • ICMJ's 13th Annual Photo Contest • Company Notes • A Guide to Overlooked Gold Deposits—Part V (Conclusion) • The Golden Highway—Calaveras County • Mining Stock Quotes and Mineral & Metal Prices