Melman on Gold & Silver
October 2003 by Leonard MelmanThere was certainly no shortage of attention-grabbing headlines during the past month. First we had the successful initiation of a recall election in California, followed by enormous increases in the price of gasoline in the USA and Canada, then both nations suffered through the worst power blackout in decades, and finally we are witnessing what appears to be the unraveling of the “road map” to peace in the Middle East.
I finally received my day in court on February 3, 2010. Donald Koch was not present. Instead, Terry Dickerson from the California Dept. of Fish and Game appeared in an attempt to represent the defendant.
President Bush has urged Congress to adopt comprehensive energy legislation, which includes drilling in the Arctic National Wildlife Refuge (ANWR).
Yet another term has entered the lexicon of investment analysis and that term is “Fallen Angels.” No, we are not referring to religious icons or celestial bodies. Rather, the investment community has dubbed the debt instruments of once-prosperous companies that have now fallen on hard times with that moniker.
There is a sizable area that straddles the U.S.-Mexico border where native silver occurs in shear zones at relatively shallow depths. The district is in the low but rugged Pajarito Mountains, the highest point of which is 5,838 feet at Cerro Ruido, on the Mexican side. The deceptively rough terrain forced the first border surveyors, in 1855, to kill several mules and horses because of their injuries.
What it takes to move gold is turbulent, fast-moving water. Normally the water is heavy with clay and all sorts of sentiments that have been ripped up from the bed of the river or carried down from the tributaries above.
This sampling program was painfully tedious, and I’ve still got the calluses and embedded shovel splinters to prove it. But completing that testing program validated certain areas of the creek and eliminated others.
The Bawl Mill • A Guide to Overlooked Gold Deposits—Part II • Brighter Days Ahead Reports Nevada Mining Association • Waldo Miners File Suit • Roll-Front Uranium Deposits • Deadly Storms May Expose Gems in Sri Lanka • Picks & Pans: Dredging and Detecting in Sierra City • Hidden Features in Venezuela • Dredging for Monazite in Idaho • Gold in the Philippines • 2003 California State Gold Panning Championships • Judge Holds Companies Liable for Some Damage • The Golden Highway—Tuolumne County • Looking Back • Mining Stock Quotes and Mineral & Metal Prices