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.
Continuing northward and crossing the Consumnes River along California’s famed Highway 49, the “Golden Highway” leads through the heart of the Mother Lode countryto El Dorado County. This is where the Gold Rush began...
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
Because tungsten minerals are heavy, exploration can be done using stream sediment samples. Prospectors looking for gold have found scheelite or wolframite in their placer concentrates, and in some cases this has led them to make important tungsten finds.
Although there is no direct connection between the price of lumber and the precious metals, there is an important indirect one due to the importance of the housing market to overall economic activity.
One caller wondered why he should be required to join MMAC, asked why MMAC was not a non-profit, and compared it to some kind of extortion attempt. If he had questions like these, I assume there are others with similar questions and I will address them here.
Plumas County has a rich heritage of gold mining, much of it from placer deposits that can still be searched and panned today. Being at the far northern end of California’s famed Mother Lode, it is quite often overlooked by those searching for gold today—really a well-kept secret after all of these years!
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