Melman on Gold & Silver
December 2002 by Leonard MelmanIf there was ever a month for the financial markets to rejoice, the one just past would appear to have been ideal. Oil prices declined sharply...the Fed revved up the economy by smashing short-term interest rates to their lowest levels since World War II...and, perhaps most important of all, the Republican Party now has possession of a clean sweep of American political power, controlling the Presidency, Senate and House while Conservatives dominate the Supreme Court.
Placer gold was found near South Pass, at the south end of the Wind River Mountains, in 1842, and lode gold was discovered in the same area in 1867. The principal gold rush was between 1867 and 1874.
…money creation by central banks… could even accelerate further as governments desperately seek to stimulate some sort of powerful economic growth. Historically, rapid money creation rates have been positive for gold and silver.
NovaGold Resources Inc. announced that a gold prospect in southwest Alaska is ready to advance to permitting.
The holes were overloaded with explosives, but I didn’t know it. I was just a green mining engineer fresh out of school and told to watch as the experienced miners set the charge.
Shaker tables and jigs
If you think all the vein gold near the surface has been dug up—think again! A weekend prospector recently came into the lab with a shoe-box full of samples that were from ten to fifty percent native crystalline gold on dirty white quartz.
The “battle lines” are being clearly drawn. By the time you receive this issue both party conventions will take place within just a few weeks and there will be only four months until the final vote.
The Bawl Mill • Original Sixteen-to-One Mine Fights On • Solar-Powered Placer Sampling Equipment • Working the Belmont Mine—1953 (Part 3—Conclusion) • Company Notes • Picks & Pans: Gold and Bears • Gold in North Dakota • The North Star Mine • Dectecting Alaskan Gold Nuggets • The Ancient History of Gold • Columbians Continue Search for Emeralds • Mining Stock Quotes and Mineral & Metal Prices