Melman on Gold & Silver
September 2001 by Leonard MelmanOne of my favorite sayings has always been, “Do as I say, not as I do.” Perhaps that old adage could be applied to Alan Greenspan and the actions of the Federal Reserve of late. They are telling us that the economy is not in bad shape; that we are not in or headed to recession and that new strength is just around the bend. They are acting as if there is a looming catastrophe.
There is one special picnic table I fervently wish I had kept. This special table was literally on top of the world. Better yet, it was on the mine dump of the old, long-abandoned gold mines at Summitville, Colorado.
For the second year in a row the historic mining town of Foresthill hosted the California State Gold Panning Championships. The State Championships are sponsored by the Mother Lode Goldhounds, a California non-profit corporation.
Some experienced panners with the vigor and longevity to spend a full day panning in the small creeks and ravines can possibly find as much as a gram or more on a good day.
If you confess to being a recreational "hands-and-pans" mining enthusiast, chances are you do not hold your own valid mining claim. You also realize locating a stretch of stream or river to legitimately dip your gold pan into is as much work to find as those precious flecks of gold.
Washington—The use of silver by the photographic industry worldwide is projected to increase 10 percent over the next five years for photographic applications ranging from amateur snapshots to medical X-rays and motion pictures, according to a new report published in the Silver Institute's Silver News.
I began detecting at the bottom of the gully and started making my way upstream. About mid-way there was a nice, flat stretch for about ten feet.
The following article has been written with a two-fold purpose; first, to help familiarize anyone interested in “meteorite shooting,” and second, to stress the importance of scientific research.
The Bawl Mill • A True Endangered Species • Guest Editorial—Vertical Disintegration • USGS Reports Increase of Imported Minerals • The San Juan Mountains, Colorado • A Silver Opportunity • Gold in Virginia • Picks & Pans: DEF Prospectors Rally Was a Huge Success • News From GATA • Our Nugget Shooting Adventure • How PGMs Affect Assay Beads • Fly Fishing the Mine Tailings/Headwaters of the Clark Fork, Montana • Company Notes • Mining Stock Quotes and Mineral & Metal Prices