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.
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
What a disappointment! Just when things were beginning to get really interesting and both parties had seemingly hotly contested races for the presidential nominations, both Senators involved promptly said, "I quit!," took their bat and ball and headed home!
A little more than two years ago, the co-founders of a small Canadian mining company unearthed a gold and silver deposit in southeastern Ecuador that industry experts believe is the most significant discovery in at least a decade.
Q: I have a gold claim that the BLM just closed. Should I get compensation for the value of the claim?
The father-son duo spent years combing this bit of Pennsylvania wilderness with high-end metal detectors, drills and other tools to prospect for a fabled cache of Civil War gold.
In terms of gold and silver, if this mountain of unbacked debt, now reaching several trillions of dollars, Euros, Yen or other currencies begins to truly collapse into an inflationary spiral, we will witness the onset of the mother of all precious metals bull markets.
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