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Melman on Gold & Silver
March 2003 by Leonard Melman
As the wags have been putting it recently, it looks like the United States is caught between “Iraq and a hard place.” Every day for the past month we have read headlines about the likelihood of immediate war, and, based on those headlines, gold, petroleum and the financial markets have gone off on their tangents.Gold Point, Nevada—A One-Man Mining Town Restoration
Almost 200 miles northwest of Las Vegas, Nevada, Gold Point was developed initially as a gold mining community in 1868. Like most mining camps, it experienced a typical boom-to-bust cycle, and by 1882, Gold Point was clearly on its way to becoming just another abandoned ghost town.
CFTC Finds Evidence of Silver Market Manipulation
This is welcome news. Many silver market commentators have stated publicly that the price of silver, currently hovering around $23.50 per ounce, should be much higher due to the scarcity of supply and the lack of faith in fiat currencies such as the US Dollar.
A Golden Summer
His take of gold was pretty close to what mine was—about a quarter of an ounce. We had just gleaned about half an ounce of gold in just twenty minutes.
Traditional Adversaries Reach Agreement
The Stillwater Mining Company and three citizen watchdog groups have signed a 38-page accord that creates a new relationship between the traditional adversaries and could set an example for resource development decisions in the West.
Entry-Level Metal Detectors for Gold Prospecting
These are entry-level machines designed with gold prospecting in mind and with the ability to handle mineralized ground and see nuggets of a grain or so in size, perhaps smaller.
Legislative Update
Robert Sanregret—Attorney at Law
Western Mining Council
National Association of Mining Districts
Subscription Required:
The Bawl Mill
• The Steeple Rock District, New Mexico
• The Hunt for Diamonds, Nunavut, Canada
• Famous Yuba River Dredge Sinks
• Gold in Maine?
• Mud Creek Placer Mine Adventure
• Junior Miners and Investors Gather in Canada
• Picks & Pans: Dredging at Douglas Creek, Wyoming
• Gold in Gossan
• Company Notes
• Gold Prospecting on the East Fork River, Alaska (Part III—Conclusion)
• National Mining Hall of Fall and Museum Calls for Poetry
• Mining Stock Quotes and Mineral & Metal Prices
• Looking Back







