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.
As the wags have been putting it recently, it looks like the United States is caught between “Iraq and a hard place.” Every day for the past month we have read headlines about the likelihood of immediate war, and, based on those headlines, gold, petroleum and the financial markets have gone off on their tangents.
We have been playing defense for 100% of the game, and now we are finally playing some offense.
The historic mining town of Cripple Creek (population 600) is 43 miles, by paved highway, west of Colorado Springs, almost two miles high in the Colorado Rockies.
If there is misleading wording anywhere, it will be in the sample data and in reserve/resource estimates.
In 1880, Alexander Roby Shepherd, former governor of Washington, DC, prepared to move his wife and family of six children to the wilds of the Sierra Madre. Going with him would be mining men, cooks, assistants, a bookkeeper and others to assist in the new adventure.
This missive is making the rounds on the Internet. Author unknown, but must be a miner, builder, or lumber worker...
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