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Melman on Gold & Silver
August 2003 by Leonard Melman
During the past month, we have witnessed an orgy of buying on many of the world’s markets with Japan soaring by over 1,000 points (see Nikkei chart), Germany and France rallying strongly and here in America, the NASDAQ Index has risen to over 1,700 (see chart). However, when we look at the economic fundamentals, it appears to be a case of, as Sir Winston Churchill might have put it, “Never have so many become so excited about so little.”Legislative and Regulatory Update
• Administration won't appeal latest ruling on Roadless Rule
• Improved forest management plan by year's end
• IBLA rules in favor of Cortez Gold Mine and BLM
Legislative and Regulatory Update
• Small miners can join bonding pool in Alaska
• Comments needed for diesel particulate matter proposed rule
• Administration asks Supreme Court to review wilderness ruling
• Bush selects Utah Governor as next EPA chief
The Koyukuk-Nolan Goldfields
It has been said by many, “One of Alaska’s most beautiful places in the world is in the Brooks Range.” You'll get no argument from me.
Company Notes
• Mountain Province Mining Inc.
• Shoreham Resources Ltd.
• Gemcom Software International
• Rio Tinto
Gold in Texas
There are numerous legends involving “lost” Spanish mines and treasures in central Texas, some of which have actually been found. The most famous mine, which remains lost, is the San Saba.
The Makorakoza of Zimbabwe—Centuries of Prospecting in Gold-Hosting Dolerites
Until a countrywide banning order in 2007, the undercover panners were living testimony to the presence of gold in a region not previously known for its occurrence.
States to Govern Own Roadless Areas
There are strong opinions on both sides after the Bush administration issued a rule ending the Clinton-era Roadless Rule.
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The Bawl Mill
• House Resources Committee Addresses Environmental Scare-Tactics —by House Resources Committee & Chairman Richard Pombo
• Precious Metals in the Patagonia Mountains
• Over the Divide
• Idaho-Maryland Mine—History Restarted
• Montana Candidate Sees Natural Resources as Path to Recovery
• Judge Rules Against Oregon Miners—Battle Continues
• Lake County "Diamonds"—Renewed Value for an Old Favorite
• Moving the World's Largest Machine—The Bucyrus 2570W Walking Dragline
• Mother Lode Gold, California
• News From the Pacific Legal Foundation
• Maine to Create Mineral Park
• Mining Stock Quotes and Mineral & Metal Prices
