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.
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With the high price of gold, there are many new prospectors out in the hills all over the United States, and while we would all prefer to be finding those larger nuggets, it doesn’t always work that way. Sometimes all that is available is nothing more than a few small flakes. The truth is, new prospectors are sprouting up all across the planet—especially in the developing nations.
Well, will wonders never cease!? It appears that Fed Chairman Alan Greenspan actually smiled when giving his most recent testimony to Congress. Actually, he was so upbeat that he carried the whole stock market with him—as well as others around the world. In fact, if there was one over-riding characteristic of the past month, it was the return of optimism over the economic future.
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• Iamgold Corp.
• Golden Star Resources
• China Minmetals Corp.
• Noranda Inc.
• Golden Eagle International, Inc.
• Clifton Mining Company
• Nord Resources Corp.
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