Melman on Gold & Silver
August 2000 by Leonard MelmanBoy, do we ever live interesting times! What other conclusion can we come to when the only real excitement on the whole scene is a kids' book and a TV series about a bunch of people acting in a manner to make the word "weird" seem respectable!
We spent more time that first day moving rocks than we did sending material over the sluices. Even so, our cleanup was quite respectable for having only moved down to a depth of a couple feet.
They cited concerns that the Trump administration would allow more logging, oil drilling, mining or development on some of the 46 million acres controlled by the federal government in California.
The state of Sonora, slightly smaller in area than Utah, lies in-northwestern Mexico, adjoining Arizona to the south. It is characterized, on the east, by a high volcanic plateau, the Sierra Madre Occidental, which forms its boundary with Chihuahua.
Time is a commodity which if traded would dwarf the price of gold. Nobody has enough of it; we can’t make more of it; and whether squandered or spent wisely, once gone, it’s gone forever. To find gold we have to spend time.
We’re all familiar with the saying, “What goes up must come down,” but last month the markets took the opposite tack and the mantra became, “What went down must come up” as strong rallies moved the Dow, NASDAQ and even our world of gold higher.
Mergers and acquisitions continue at a record pace in 2006 as companies attempt to replace dwindling reserves. Mining companies find that it is more expedient to purchase additional reserves by acquisition than to spend time and money for exploration and startup, even more so when their stock prices are much higher as compared to recent years.
The Bawl Mill • Our Readers Say • August Hearing Set for Crandon Mine • Montana Approves Stillwater Expansion Bonds • Guest Editorial—Globalizing Mining in America, Part I • Quartzsite, Arizona • Groups Plan to Sue Over Lynx Protection • Picks & Pans: Treasure Hawk Mine—Cutthroat Mining Corporation • Company Notes • Nuggetshooting Eluvial Placers in the Western United States • 125 Years of Mining History in the Panamints • Cuba Revisited • 2000 National Mining Hall of Fame Inductees • United States National Gold Panning Championships • Mining Stock Quotes and Mineral & Metal Prices