Melman on Gold & Silver
June 2002 by Leonard MelmanWe 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.
• US District Court rules against Oregon miners
• Bill to halt sage grouse management plans introduced.
Every year prospectors and rock hounds search Wyoming for gold, gemstones and other attractive rocks and minerals; the Wyoming State Geological Survey (WSGS) has now made this hunt easier.
A state House committee supported legislation sponsored by Rep. Dick Harwood that would allow state mining leases for tailings and dumps, which Idaho law currently prohibits.
Four nuggets, ranging from one to four pennyweight, had been found originally. All four nuggets were found in a line about ten feet apart from each other.
As people race by on Interstate 15 through the southwestern portion of Utah, they miss many relics of early silver mining and agricultural days hidden just off the freeway. Washington County had a rich mining and farming history dating back to Civil War times, and there are some that believe it still holds some hope for future mining.
• Crown Resources Corp.
• X-Cal Resources Ltd.
• Altair International
• Royal Gold, Inc.
The view from the pass at 16,500 feet elevation was astonishing. In one direction, one range of the Andes Mountains rose to over 18,000 feet, while in the other direction the peaks soared to almost 20,000 feet.
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