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.
Two years after California's major gold discovery, another find was made in Ballarat, Australia. The news of the discovery went world-wide, and many of the California prospectors had heard plenty about Australian gold—especially the 2,284-ounce nugget found there.
I believe gold and silver prices, to at least some extent, negatively mirror the society's confidence in the ability of government to continue providing economic and social services.
A Spokane mining company says it plans to develop a silver and copper mine in the Cabinet Mountains Wilderness Area on the Idaho-Montana border.
Using GIS systems to aid in mapping.
When I dropped the boulder into my son’s hand everyone spoke a single word in unison, “Wow!”
First, I look for smaller exploration companies that appear to be on the right track or that have started producing precious metals and are able to do so at a low cost per ounce.
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