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.
I had some success following this premise this summer, finding a few nuggets in places I think I overlooked in the past.
Crowds may be great for football games or the Fourth of July, but not for prospecting. So, this summer, while thousands of gold seekers were heading to the coast of Alaska, I headed to a remote part of the Interior.
Gold mining companies are being conservative in asset valuations despite recent spikes in gold prices in terms of US dollars, according to a survey by PricewaterhouseCoopers.
The Piedmont region of Virginia contains many old gold mines and prospects, many of which are caved, overgrown, and difficult to find. Some mines have remained sporadically active up to the present time.
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