Melman on Gold & Silver
January 2008 by Leonard MelmanNot being a psychiatrist, this writer is not aware of the specific term for a condition laymen refer to as “split personality.” However, whatever that term might be, it would be wholly appropriate for the news background during the past month. We were first subjected to one news story after another that suggested that our economic world was on a truly shaky foundation—and then, suddenly, we were “blessed” with a barrage of positive developments.
In some ways, silver is the forgotten precious metal because it straddles both the world of precious metals and jewelry, while having many important industrial applications like a base metal. The price of silver reflects both the precious metal investment demand as well as the industrial demand.
My largest nugget from this area is almost one-half ounce. I’ve found several smaller chunks and many pickers in addition to the fines and flakes that I put in my poke.
• NRX Global Corp.
• Pan American Silver
Once indicators start showing up along or below a contact I start to get excited. When I have shale, and outcroppings of diorite with iron-red, gritty soil and some clay thrown in, I really get lightheaded. I may be a mile away from the nearest diggings but that’s okay. I just found a spot that could provide some nice nugget hunting.
Nearly two decades after it was first proposed, a mine on Buckhorn Mountain in remote north-central Washington will begin producing gold-bearing ore.
Q: Exactly how does amalgamation work? Does it “melt” the gold (or copper, or silver, etc.) and form an alloy? If one leaves a piece of gold in mercury, will the entire sample become an amalgam (combination) of gold and mercury? Or does it only affect the surface...
Unquestionably, it was the other side of the Atlantic Ocean—that is the European side—that provided virtually all the political, economic and social fireworks during the past month.
The Journal Welcomes Chris Ralph as Associate Editor • The Bawl Mill • Global Hunter • New Study of the Formation of Nuggets—Part II • Michigan DEQ Approves Upper Peninsula Mine • Let’s Go Crevicing for Gold • Mining Restrictions Lifted in Southwest Alaska • Silver Bonanza in the Sierra Madre: The Glorious Past of Batopilas—Conclusion • 2007 Annual Photo Contest Winners • Exploring La Trinidad Mine • There’s Still Gold In Oregon’s Umpqua River • Mining Stock Quotes and Mineral & Metal Prices