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.
While we have spent the past few years trying to adjust to wave after wave of new industries, new language and new influences in our lives, this past month the world's attention has once again returned to the cradle of civilization, the Middle East.
Anyone who thinks that investing in, or writing about junior mining shares is easy hasn’t lived through the last month! What we have seen is a virtually endless parade of dynamic and frequently contradictory events. Here are just a few that have occurred in the past thirty days.
Q: Will my detector react to fine gold?
My father recalled fondly his early years of flying his Super Cub into the Preacher Creek watershed in search of game and gold, landing on wind blown ridges traversed by the giant Porcupine caribou herd that frequented the area.
...miners, prospectors and mining related businesses are discovering that capital investments in equipment, machinery and other business assets are more affordable today than ever before.
Another California Assembly member, Jared Huffman, is attempting to ban dredging in the state on a more permanent basis.
Almost 200 miles northwest of Las Vegas, Nevada, Gold Point was developed initially as a gold mining community in 1868. Like most mining camps, it experienced a typical boom-to-bust cycle, and by 1882, Gold Point was clearly on its way to becoming just another abandoned ghost town.
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