Melman on Gold & Silver
December 1999 by Leonard MelmanThe only phrase that comes to mind in reviewing this past month is "deja vu." We've seen all this before; falling gold prices, rising stock markets, soaring hi-tech stocks, crazy initial public offerings (IPO's) and a return to public confidence that all problems can be solved.
• Republican bill would reopen Grand Canyon withdrawal
• Obama recommends additional fees and taxes on miners
The Directory of Active Mines in Arizona-1999, just released by the Arizona Department of Mines and Mineral Resources, reflects the strength and diversity of the Arizona mining industry.
I hope long-term readers would agree that while your columnist does occasionally carry some arguments to an extreme length, I usually stay within the bounds of reason. I am pointing this out because I was struck by an economic vision a few days ago that could test those bounds.
Mexico has a lengthy history of mining and one of the regions most associated with that activity is Durango State in the north-central part of the country.
While mapping, I also found rock chips in the soil that were characteristic of the same wall rock alteration that occurs adjacent to the known lodes in the greenstone belt.
Zimbabwe is the latest country to threaten seizure of foreign-owned mining projects.
The Bawl Mill • Over the Divide • Our Readers Say • Desert Phone Trashed • ICMJ Elected Prospecting Magazine of 1999 • Advertising Manager Leaving ICMJ • Guest Editorial—California "Special" Dredge Permits in Jeopardy • The Search Continues • Guest Editorial: U.S. Government—Like Nobody's Business • Circulation and Collections Manager Leaving ICMJ • Company Notes • House Chair Requests Records on Forest Decision • BLM Wants to Withdraw South Pass Public Land • Silverton Preserving Lofty Symbol of Mining Era • Hijackers Make Off With 660 Pounds of Gold • Prospecting With a Magnetometer • 1999 Tables of Content • Lighting the Way Underground 1860-1940s • Millie's Tailings • Picks & Pans: Crevicing & Sniping for Placer Gold • Looking Back • Gold in Sonora • Forest Service Boss Quits in Bull Trout Flap • European Gold Miners Seek Clarification Letter • Mining Stock Quotes and Mineral & Metal Prices • Squeezing Diamond Into Graphite