Melman on Gold & Silver
August 2002 by Leonard MelmanYet another term has entered the lexicon of investment analysis and that term is “Fallen Angels.” No, we are not referring to religious icons or celestial bodies. Rather, the investment community has dubbed the debt instruments of once-prosperous companies that have now fallen on hard times with that moniker.
…the process remains much the same: Drill holes, load explosives, close up the holes, blast and muck out the resulting broken rock.
The German scientist, Alfred Wegener, came out with his theory of "continental drift" in 1912. He was considered a crackpot and it was half a century before geologists and planetary scientists began to take a second look at his theory.
While none of the historical mining camps are active, the area is still a hub of activity for the modern prospector, and claims still blanket the hills and gulches.
As he was working near the extreme low end of the ground sluicing, I heard a yell through my headphones. Making my way down to him I could see the smile from a long distance.
On a similar vein, while the number of new non-farm jobs created rose by a modest 156,000 in September, it must be pointed out that Goods Production Payrolls rose by only 10,000 jobs while much lower paying service jobs accounted for the other 146,000.
More than you’d think. For the past several years, we’ve attended countless trade shows across the country, handed out sample copies of ICMJ, and expanded our readership considerably by signing up new subscribers.
The Bawl Mill • Washington Department of Fish & Wildlife Raises Harassment of Miners to a New Level • Oregon Miners File Suit Against Fisheries Service • BLM Land Swap Deal Raises Eyebrows • Gold in Nevada • The Greenhorn • Striking Gold • The Bombarded 38' Parallel • Picks & Pans: The Trophy Hunt • Corner Country Gold • Something to Consider When You Go Dredging • Western Mining Artifact Collectors Show • Rattlesnakes • The Gold Hill and Iowa Mine 1895-1938 • Looking Back • Mining Stock Quotes and Mineral & Metal Prices