Melman on Gold & Silver
February 2009 by Leonard MelmanIt was difficult to find any cohesive set of figures that indicated a pattern of genuine economic strength. However, one area that did, in fact, escape the aura of negativity was our world of mining shares as buyers began to pour into virtually every major mining share as well as some of the juniors, with several on our lists showing gains of over 200% during the past month.
“Scandals, scandals, everywhere, and not an end in sight!” might be the tag line of a musical depicting the financial markets as they near the end of a particularly tumultuous year. First we had the massive accounting scandals associated with the Enron collapse. This was followed by the corporate scandals where inaccurate and misleading research of one sort or another made headlines. But none of those compare in possible scope to the mutual fund scandals...
Federal safety inspectors have ordered one of the nation’s deepest underground mines closed in northern Idaho following an investigation prompted by a series of accidents that killed two miners over the last year.
A proposal to sell some of the International Monetary Fund's vast gold reserves would be disastrous for Nevada's mining industry as well as the emerging countries the IMF is trying to help, Sen. Richard Bryan said March 4.
- EPA ends "sue and settle"
- Sage grouse mineral withdrawal cancelled
Anyone looking for stability sure didn’t appreciate the financial markets of this past month as they fell, rose, fell and rose with dizzying swiftness, changing directions on the turn of a dime. This was as true of the gold share markets as it was of the financial markets in general.
Gold rushes are the stuff of legends. Who can read Jack London’s stories of the Klondike or hear the fabulous tales of the California Gold Rush of 1849 without their heart beating just a bit faster? But there was also a third gold rush, just as dynamic...
• Conformation for some
• Congress canceling regulations
The Bawl Mill • Our Readers Say • Oldest Journal Contest - The Winners • The St. Louis Gold District • Mining Boom May Be In Store For Upper Michigan • Mining Gold Near Elk Creek, Oregon • East Coast Dredger Heads West - Part II • Lost Canyon • High Court to Rule on Kensington Tailings • Prospecting in Tennessee • A Warning About Mercury • NovaGold Resources Receives Lifeline • Jerritt Canyon Mill May Reopen • Looking Back • Mining Stock Quotes, Mineral & Metal Prices