Melman on Gold & Silver
November 2004 by Leonard MelmanWhat a month! One day we were keeping our eyes on the turbulent, hurricane-filled skies over Florida as the seemingly endless array of powerful storms continued on, then we were watching the televised Presidential debates, and all the while we were being inundated with a relentless barrage of stories regarding crude oil, gasoline and heating oil as their prices roared ahead with a vengeance...
As decade-high gold and silver prices spark a renewed interest in mining in the West, there are few mining education programs and fewer students earning mining engineering degrees due to two decades of decline in the US mining industry.
Back at the entry point of the mine, we took turns slowly crawling down the slope leading into the mine portal with our metal detectors, hard hats and flashlights. The mine was hand dug and is about 75 yards long.
Everyone can deduct all of the ordinary and necessary expenses of conducting a trade or business. But how can anyone hope to refute the IRS’s labeling of their activity as a hobby or, probably more importantly, hope to achieve the label of a tax business?
There has been more written on the Klondike Gold Rush than any rush in the history of the world. Some highlights have been written below, a mere grain of sand of information to glean. The price of gold during the 1890s averaged $20.67 per ounce.
What I saw was a beach area that was just completely covered in black sand. Rubbing my hands close together like a kid in a candy store, I could not wait to get set up.
How to invest in junior mining stocks: In order to form a basis for evaluating mining stocks, it is important to understand the progression of projects from the very first glimmerings in the eyes of a prospector to actual, full-scale, revenue-producing production of the metals themselves.
Over the years, I've noticed a pattern in the type of rocks associated with the best gold deposits in Midwestern glacial gravel.
The Bawl Mill • Editorial: Montana's Controversial Rock Creek Mine • First Load of Concentrate Leaves Reopened Ruth Mine • Uranium Industry Enjoys Rebound as Prices Nearly Triple • BLM Warning About Purchase of Mining Claims on the Internet • Determining the Amount of Gold in a Quartz Specimen • Placer PGMs in Coon Creek, California • Getting Your Float Circuit Layout Right • Pick Up Austria's New Coin—If You Can Lift It • New Prospecting Guides Available Online • Police Extend Detention of Newmont Executives • Picks & Pans—Drywashing and Detecting in Southern California • Over The Divide—Merwin (Merv) H. Hemp • The Boludo Placers, Sonora • The Golden Highway—Placer County • Northwest Miners Rally a Success • Mine Threat Just a Stunt to Criticize Land Laws • MINExpo 2004 Convention Report • Looking Back • Mining Stock Quotes and Mineral & Metal Prices