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Melman on Gold & Silver
June 2002 by Leonard Melman
We are now seeing declines in gold followed quickly by rallies to new relative highs while powerful stock market rallies are met with aggressive new selling. Whether this pattern will continue into the future is debatable, but it certainly is a welcome background for the much-battered world of precious metals investing.Associated Gold Placers of the Comstock
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Benton’s Rich Silver
Prospectors looking for the next Comstock Lode tried mining for silver in the Benton Hot Springs area in California in 1862. On a ridge southeast of the town, they found what they were looking for—rich hornsilver.
PLP Update
…I’ll be heading back to Washington, DC, on June 4 with Clark Pearson of PLP for nearly a week of meetings with the Mine Safety and Health Administration, US Forest Service, Environmental Protection Agency, and numerous members of Congress in both the House and Senate.
Kerry Proposes Large Fees on Miners
John Kerry’s proposal to increase mineral royalties to raise money for national parks has drawn strong opposition from officials and mining interests in Nevada, which produces 81 percent of the nation’s gold.
Company Notes
• Vista Gold Corp
• Pan American Silver Corp
• Mountain Province Mining
Mud Creek Placer Mine
Continued from last month...
The Mud Creek Placer Mine is a true quest. Previously we acknowledged the rich reserves contained in the ground near Candle, Alaska. Now the miners and equipment need to find their way there and start the operation.
Subscription Required:
The Bawl Mill
• ICMJ Elected Prospecting Magazine of 2002
• Mining Investment—Or Fraud?
• Gold in Suriname
• Golden Age of Gold Dredges
• Prospecting With Limited Equipment
• Looking Back
• Beryllium in Utah
• Company Notes
• Picks & Pans: The Gold of "Eldorado Canyon"—Mariposa County, California
• Fire Agate in Arizona
• The Canton Lead
• NAS Agrees to Review Superfund Science
• Tight Budgets Force Forest Service to Cut Back
• Mining Stock Quotes and Mineral & Metal Prices