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.
The figures speak for themselves. According to US Bureau of Labor Statistics, the total compensation package for state and local government workers in America is $39.66 per hour, compared to $27.42 in the private sector.
While a large number of locations have yielded some placer gold, most of the state’s placer production has come from a few productive districts.
Never have I regretted the deadlines we must work with at this publication as I do this month, for events of tremendous significance are likely to occur between the time this column must be prepared and the time our readers will receive it.
These moves were the first serious interruption to the bull market, which had not encountered a serious decline since the election of November, 2016. Since general market moves have been one of the most reliable historic indicators of precious metals market moves, we take a close look at these developments.
For many years we have been losing our rights. The main reason this has been happening is because as prospectors and miners, we tend to be loners. This trait has helped the environmental movement because...
Most of the mining opposition today is centered around the small-scale miner. These miners number in the thousands and come from every walk of life.
Within the first 3 hours he and I had found pocket after pocket of gold and couldn't wait to tell Levi of our treasure.
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