Melman on Gold & Silver
April 2003 by Leonard MelmanNever 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.
The Delamar (Ferguson) mining district is located in Lincoln County, Nevada, some 29 miles by road, southwest of Caliente. The district is on the west side of the Delamar Mountains at elevations between 5,900 and 6,600 feet.
• Large “gaap” in federal deficit
• Expensive voice mail, mate
• What next—the “straight” bomb?
• Orville Redenbacher banned from Seattle Justice Center?
• Can you hear me now?
Fundamental information on gold and silver turned more to the bullish side this past month, and we can point to three particular items as the basis for that conclusion.
Some claim they can smell gold. This may be, but when I take a whiff of gold, I smell dirt, rotten eggs, garlic or just nothing: my nose is everything but sensitive.
Buying a placer claim or investing in a placer mining property comes with plenty of financial risks. You need as much information as possible about the mineral deposit in order to minimize those risks.
“They’re taking it to the grave with them.” These words came from my Canadian mining partner when we discussed what he had learned from an elderly gentleman in a nursing home. While that particular visit was not very successful, we had a number of others that worked out far better.
During the 49’er gold rush, because of harsh winters and adverse river conditions, the working season could be restricted for a week or more at a time. Moreover, many of the “argonauts” (a term dating back to the adventures of the early Greek gold seekers in seeking the Golden Fleece), were unprepared both mentally and physically to meet the harsh conditions.
The Bawl Mill • Impact of Habitat Designations Grossly Underestimated • Manslaughter Charges Dropped Against Sixteen to One Mine • A Unique Prospecting Method • Over the Divide • Cripple Creek, Colorado • Picks & Pans: Virginia Prospecting • PLP Gets the Key! • Mariposa, California • The Ocampo District, Chihuahua • The Collaboration • Mud Creek Placer Mine • Mining Stock Quotes and Mineral & Metal Prices • Looking Back