Melman on Gold & Silver
May 2000 by Leonard MelmanIf there is one word which seems to describe the past month on so many fronts, it is the word "dysfunctional." The tone was set when "American Beauty" won the Academy Award for "Best Movie."
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.
• Important court decisions that affect miners
• Move to repeal I-137
• Comments needed tin southern California
What minerals are magnetic? I have heard that super magnets (rare earth magnets) can capture platinum. True?
• NovaGold Resources
• Golden Star Resources
• SearchGold Resources
• Ivanhoe Mines
• Canyon Resources Corp.
I recently had the opportunity to spend a day exploring around Butte, Montana and was amazed by the amount of mining that has taken place there. The old-timers called Butte “the richest hill on earth” and had pretty good reasons for doing so.
Goodnews Bay Platinum Mine, owned by Hanson Industries in Spokane, Washington, has resurrected a 60-year-old bucketline dredge to claw the steel-gray metal from the river drainages around Red Mountain on Cape Nushagak.
The Bawl Mill • Guest Editorial—Sentaor Craig of Idaho Looking Into MSHA Complaints • Guest Editorial—Changing the Rules • Gold Prospecting on Sixmile River • Serpentine in California • Town Hall Meeting in Sierra City, California • Picks & Pans: Tips for Nuggestshooting—How to Increase Your Gold Finds (Part II) • An Unusual Death in Downieville's Gold Rush • Metals and Precious Stones in Wyoming • Looking Back • Gold at Dale, California • Mining Stock Quotes and Mineral & Metal Prices