Melman on Gold & Silver
April 2002 by Leonard MelmanWell, will wonders never cease!? It appears that Fed Chairman Alan Greenspan actually smiled when giving his most recent testimony to Congress. Actually, he was so upbeat that he carried the whole stock market with him—as well as others around the world. In fact, if there was one over-riding characteristic of the past month, it was the return of optimism over the economic future.
I suspect detailed geological mapping and prospecting would lead to discovery of one or more overlooked gold deposits in the district even though it has been heavily prospected in the past.
With conventional financing still difficult to obtain, it is little wonder that “self-financing” is the number one form of financing used by small business owners, miners and prospectors.
Asarco Inc. accepted a sweetened buyout offer from Phelps Dodge Corp., setting up a three-way, $2.9 billion deal that will make Phelps Dodge the world's largest copper producer.
Elections in the Republic of Congo may bring a mining boom to a country that has been ravaged by wars and corruption.
Once again last month the world seemed to be tottering uncertainly on the precipice of whether to continue with some manner of austerity in order to begin restoring government balance sheets to some semblance of fiscal conservatism or whether to openly return to the previous eras of wide-open stimulation via debt, deficits and unlimited money creation.
Replacing cloth on a drywasher
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
The Bawl Mill • 43 CFR 3809 Final Rule • Alluvial Fans • Platinum Claims on Heines Creek • Picks & Pans: Eureka! We Struck It Again • More on Meteorites • The Gold Hill and Iowa Mine, Boise County, Idaho: 1863-1895 • The First Prospectors • All That Glitters is Gold • Aussie Gold—Swinging Over to South Australia • Mining Stock Quotes and Mineral & Metal Prices