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.
Doug told me that there had been a 100-year flood that took place in October of 2013 and it washed out part of the mile-long landing strip. It also washed a large, wide gully down below and above the camp.
In our opinion, these dizzying up and down moves reflect not so much a change in the direction of hard data, but rather fluctuations in sentiment regarding the degree of danger relating to the overall international economic structure.
…some miners are doing exceptionally well… with a few obtaining amounts estimated in the millions of dollars.
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
• Election impact
• New Washington State small-scale regulations
Plumas County has a rich heritage of gold mining, much of it from placer deposits that can still be searched and panned today. Being at the far northern end of California’s famed Mother Lode, it is quite often overlooked by those searching for gold today—really a well-kept secret after all of these years!
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