Melman on Gold & Silver
July 2008 by Leonard MelmanDire warnings about potential recession and side effects being felt throughout the economic spectrum sent the stock market down to a massive 394 point loss on the Dow Industrials on the 6th of June (see chart) and also sent chills in many corporate boardrooms in America and beyond.
On June 16, 1897, the steamer Excelsior cruised into San Francisco Bay, completing its long voyage from Alaska. While a ship arriving from the far north was not a particularly unusual event, this one heralded news of something truly big.
Our world of precious metals showed several conflicting trends. Gold fell sharply from last month’s highs to the area between 265 and 270 and then stabilized in that area.
- ESA wants a big win, not a win-win
- By The Numbers...
“What A Difference A Day Makes.” That song title accurately describes the huge change in momentum that occurred March 11, 2008, when the central banks of the world announced their rescue plan for the beleaguered international credit system, which appeared to be crumbling right in front of their very eyes.
The Bawl Mill • The Lost Silver Triangle of the Sierra Madre—Conclusion: Tayopa, Guaynopa, and Guaynopita • The Greenwood Gold Project • Miners Go To Work In Washington • How To Locate Diamonds • Natural Crystalline Gold • The Vore Mine • Tools of the Modern Prospector: The GPS • Whitehall Mine Foregoing Closure • Work Begins At Rock Creek Mine • Mining Stock Quotes and Mineral & Metal Prices • The National Mining Hall of Fame to Induct Four • Looking Back