Melman on Gold & Silver
May 2004 by Leonard MelmanA very famous quote that appears particularly relevant to the past month is one attributed to former British Prime Minister Harold MacMillan. When asked what could most easily derail a government, he replied, “Events, dear boy, events.” We certainly had events in abundance this past month.
• "...too many take the easy way out..."
• " Gold in Arkansas" was especially helpful to me.
The great question now is whether the correction that followed was an end to that bull market—or just a lengthy corrective phase prior to another important bullish move. Let’s turn to technical analysis of the chart for a possible answer.
They want to close our roads on public land (built by taxpayer funds) to keep us and our disabled veterans out. And it won’t stop with just mining.
The Bureau of Land Management is proposing to close off nearly 5,000 acres of public land on South Pass for the next two years while a plan is developed for designating portions of Sweetwater River as wild and scenic.
Not too far from the pine-filled mountains, a young boy was exploring along Meadow Creek in Cabarrus County, North Carolina, one fine day in 1799. He discovered a beautiful rock that he took home and put to good use as a doorstop. Shortly thereafter, a jeweler stopped by to visit his folks, and as it turned out, the new doorstop was actually a 17-pound gold nugget. That nugget truly did open a door as it marked the beginning of the first gold rush in America.
I learned the next day that I was not the only one that had crossed paths with a bear. Dick told us about his harrowing experience from the previous night.
The Bawl Mill • Economic Analysis on Critical Habitat for Bull Trout • Prospecting for Copper • US Mining Industry Outlook Brighter • Gold in the Chinle Formation • Gold Dredgers Rescue Threatened Fish • Gold Mine Plans Upheld in Lawsuit • DOI Computers Back Online • Picks & Pans: Nuggets by the Dozen in Alaska • Historical Mining Methods • The Elusive Mother Lode • Clarence King, Geologist • Mining Stock Quotes and Mineral & Metal Prices