Melman on Gold & Silver
January 2001 by Leonard MelmanOne of the consequences of the weakening economy and the sharp declines in NASDAQ securities was a sudden weakening of the US Dollar (see chart of D-Mark). As investors began to pull their funds out of the US and return the funds to their native lands, this resulted in sales of the dollar, reducing it in value.
A 1,200-mile long east-west zone, containing unusual geologic features, has been recognized in the eastern half of the United States for over 100 years. It coincides, in a general way, with the 38° parallel. There are as many opinions on the origin of the features as there are geologists. Most of the features are circular or oval in form, and some are concealed by younger rocks. They are found in 8 states, from Kansas east to Virginia.
- Senators want you to help to pay California rent
- Someone’s got a bone to pick…
Over 135 million ounces of gold were produced in Nevada between 1858 and 2001, 107 million of that total being since 1965. Now, the so-called “Silver State” is the leading gold producer in the nation.
You will find a few articles in this issue that you wouldn’t normally expect to see in the Journal. Don’t fret—we’re not changing our focus, but the time seemed right to address a few pressing topics.
The agency said managers “showed a disregard for the miners’ welfare” and acted with “more than ordinary negligence” before the victim fell through a sinkhole while operating a large loader about 200 feet below the entrance of the mine.
• Should I focus efforts on this particular rock type?
The Bawl Mill • Over the Divide • Our Readers Say • Special Editorial: Gold Anti-Trust Action Committee Believes They Have the Evidence • World Gold Council News • Metal Detecting Within the Cordillera for Gold Placers Associated With Tertiary Epithermal Ore Deposits • Picks & Pans: An Exciting Hobby • Prospecting for Silver With a Geiger Counter • The Furnace Atmosphere During the Fire Assay • The Hanging Tree • Gold in Chihuahua, Mexico • ICMJ 10th Annual Photo Contest Results • Mining Stock Quotes and Mineral & Metal Prices • Looking Back