Melman on Gold & Silver
July 2001 by Patrick CondonMan O Man, if politics isn’t the strangest game! First, we had a Presidential election that wasn’t over the night it’s over, but instead dragged on for weeks on end before “Dubya” was declared the winner. Then we had the Senatorial contest in Washington that dragged on for more weeks before the Democratic candidate won that squeaker, reducing the Senate to a fifty-fifty proposition with the Republicans having a minuscule edge by virtue of the Vice President being of their party.
Our world of precious metals showed several conflicting trends. Gold fell sharply from last month’s highs to the area between 265 and 270 and then stabilized in that area.
Agnico-Eagle Mines will open Europe’s largest gold mine in northern Finland in 2008, the Canadian company and local officials said.
Patience and persistence is the name of the game when you are detecting this way for gold, as you will have to do a lot of work preparing the ground to detect with any degree of success.
H.R. 699, the Hardrock Mining and Reclamation Act of 2009, should be labeled H.R. 666 because it appears to have been written by the Devil himself.
Upon first entering this district in the early 70s, the trip into the Petersville area by vehicle was risky at best, especially during rainy periods in summer. The road has been improved somewhat since then, but not much.
Most of the commercial mineral deposits are on the south and southwest part of the range between Minersville and Milford, though small amounts of gold and silver have also been found in iron-rich outcrops in the basalt to the south of Milford.
Once again, economic trauma was the dominant theme of most news releases last month. It seemed we were learning about an endless array of companies in dire trouble, including many who had either filed or were on the verge of bankruptcy...
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