Melman on Gold & Silver
February 2001 by Leonard MelmanSeldom, if ever, have we witnessed as much financial upheaval or as rapid a change in sentiment as we saw in the first two trading days of the year...
The majority of the gold produced in Goldfield has come from ores that are close enough to the surface to be oxidized by the air. This oxidized ore is normally a soft, shattered, earthy material usually stained yellow to brown by oxides of iron.
Arkansas has an area of over 53,000 square miles, with a population of over 2.3 million. Natural vegetation consists of hardwood forests where not cleared for agriculture or urbanization.
One 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.
All locations gave up some gold, but one particular section of exposed bedrock with steep, packed crevices kept giving us good, consistent results. We had found our spot.
• Babbitt Wants Another 4 Million Acres
• County Ruled Unfair in Mineral Valuations
• Public Comment Period for Clean Water Action Plan
The plea from State Police Chief Pete Kassetas follows what authorities believe is the latest death related to the effort to uncover Forrest Fenn’s treasure.
The Bawl Mill • Our Readers Say • The King Has No Clothes • GATA Update • Clean Fuel, Cleaner Air • Gold Miners Become Tungsten Miners • Mining Deaths Drop Overall in 2000 • History of Oil in California • VCIs for Environmentally Safe Maintenance • Picks & Pans: Dredging on the Arkansas • Placer Gold in Washington • Alaska Miners to Sue Department of Interior • Oregon's Measure 7 May Provide Compensation for Land-Use Restrictions • Company Notes • Environment-Friendly Dredging • Legacy of the Wandering Jew Mine • Babbitt Wants Moratorium in Siskiyou National Forest • Gem Discoveries Sought in North Carolina Field • Greaterville, Arizona • Identifying Gold Ores • Looking Back • Mining Stock Quotes and Mineral & Metal Prices