Melman on Gold & Silver
July 2002 by Leonard MelmanThe specter of nuclear war temporarily raised its ugly head last month, which prompted many nations to recall their citizens from both India and Pakistan, and sent shock waves through both the financial and metals markets
Some of the gold is placer that was beat up as it traveled; however, quite a bit of the gold is pocket gold that is running along the surface in this area.
…it was immediately evident the previous owner had not been using a detector. During just a few months of working the dumps part-time, he recovered gold in quartz specimens valued in excess of $40,000.
Nearly a century after the luxury liner RMS Republic sank off Nantucket, treasure hunters are still battling over the ship’s cargo, which some believe includes gold coins now worth more than $1 billion.
Our world of precious metals showed several conflicting trends. Gold fell sharply from last month’s highs to the area between 265 and 270 and then stabilized in that area.
The Tyndall Mining District of Santa Cruz County contains the oldest mines in the state of Arizona. Described as the most celebrated mineral region in North America, its ancient mines have produced a phenomenal amount of rich masses of pure native silver and ore prior to the arrival of the early Spaniards extending into the present century.
The Alaska state government has been trying to keep up with and maybe even stay on top of the situation by studying the problems associated with rapid growth and how to solve them.
If you are a claimholder and your Mining District is in disarray, it’s time to join MMAC and get on board so your district can benefit from these changes as they are implemented.
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