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.”
• How to end the deficit today
• Money that nobody wants
• Abandon ship!
• California dredging update
• Study: Sage grouse does not need protection
• Tennessee enacts harsh new gold prospecting regulations
• Pacific Gold
• Barrick Gold
• Wheaton River Minerals
• Kinross Gold
• Canadian Arrow Mines
One of the largest gold nuggets ever found with a VLF metal detector: I got a huge signal, and I was thinking it was just another piece of junk—perhaps an old can or piece of a shovel.
• Closure on the foreclosure
• NSF checks and balances
• Third time’s a charm?
Each separate Mining District is a federally recognized entity. There are huge advantages—picture yourself going to an oversight meeting where 2, 3, 4, or even more Mining District representatives have obtained voting positions on the board.
I could see lots of quartz, both loose on the hillsides and in the numerous small prospect diggings. There was a small gold rush here more than a century ago.
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