Melman on Gold & Silver
December 2000 by Leonard MelmanOctober lived up to its reputation as a most unfriendly month for the stock market as hi-tech stocks took a huge battering, the NASDAQ and the Dow were hit by heavy selling and consumer confidence figures plunged.
Washington’s mineral prospecting regulations, adopted Jan. 1999, have indeed caused great chaos for those who enjoy the hobby and also those who were accustomed to making a living by operating larger (8”) dredges. The discussion within the miners’ network has not decreased; at best it is a slow simmer.
One of the greatest and richest underground placer mines of California was the Hidden Treasure Mine of Placer County.
Representative Paul Shepherd stopped by, and Idaho County Commissioner Jim Chmelik dove with one of the dredgers so he could see for himself that no harm was being done to fish or their habitat.
I love it when I am in the middle of a high trash area and all the ferrous bars go away, the screen number goes to a three or an eight, and the meter is forty to a hundred. I don’t know for sure that I have found gold, but it narrows the odds down.
The Bawl Mill • Letter to the Editor • Potaro District, Guyana • World Gold Council Launches $3 Million Ad Campaign • Prospecting With Color • Prospecting for Platinum in Wyoming • Picks & Pans: More Big River Dredging in Northern California • Epithermal Ore Deposits Associated With Tertiary Volcanism—And the Feasibility of Metal Detecting for Them • A Changing Diamond Industry Looks to Canada for Growth • History of Mining—Bradshaw Mountains, AZ—Part II • Company Notes • Mining Stock Quotes and Mineral & Metal Prices