Melman on Gold & Silver
August 2003 by Leonard MelmanDuring 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.”
• USFS cost recovery
• Measure 37 affirmed
• Court declines to hear Canyon Resources claim
• Kempthorne nominated to head Interior
• TMDLs in northern California
• Don't mess with Texas
• EPA and bonding
• Resources Coalition has input on proposed Washington State fees
Doubters be informed, yes, there is gold in Africa—lots of gold—and all the good and bad that comes with it.
• Election fallout
• Bad news in Bolivia
Each year this annual event is staged to determine just who is the best of the best, and each year this event becomes larger. This time one hundred ninety contestants decided to prove just how good they were.
The apparent high grade of the ore deposits and the quality of the diamonds seem to clearly indicate that a profitable mining venture could be established on the kimberlite sills...
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