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.”
• Hike in mining claim fees
• Hearing on suction gold dredging in California
• Interior wants mining reform
I cleared the connector by poking a small Phillips screwdriver through it. To ensure the bore was clean, I dunked the connector into some water and then blew it clean with my shop air compressor.
In developing a mineral property or mining claims, one of the first goals is to identify and quantify valuable deposits. The classic method of doing this is by drilling holes into the ground to sample what is below the surface. The problem is that one or two holes usually are not going to tell you a whole lot...
For the first time, the Sacagawea Golden Dollar changed hands, intermingling with scuffed quarters and nickels, setting itself apart with its golden hue.
Bullion River’s high-grade gold mine at French Gulch, near Redding, California, may be in some ways the last of the Mohicans, or perhaps it is the first of the great revival, but for the near term it is probably destined to be a little bit of both.
Exactly one month ago—to the day—I was watching in stunned silence, along with billions of others around the world, as the immense tragedy of September 11 played itself out. Since that time, the President has issued a virtual declaration of war; actual attacks against the Taliban strongholds in Afghanistan have begun and the “other side” has threatened an escalation of terror.
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