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Melman on Gold & Silver
July 1999 by Leonard Melman
Clearly, the single-most important reason for the latest decline in gold is the recently announced auctions by the British Central Bank. However, other news stories this past month also had negative implications for the yellow metal.Picks & Pans: The Gold of "Eldorado Canyon"—Mariposa County, California
First, let me say that Eldorado Canyon is what we call this area, but it’s not the real name. It’s a piece of private property where we have permission to metal detect; I do not want to start another gold rush! The property is located in Mariposa County...
Australia Produces World's Largest Gold Coin
Australia’s Perth Mint currently holds the record for the world’s largest gold coin.
Melman on Gold & Silver
While there may have been events of the past month that were more important, nothing captured the imagination of the nation and much of the world like the election of Arnold Schwarzenegger as California’s new governor-elect. After weeks of on again, off again judicial rulings and a campaign of astonishing muckraking and innuendo-laden accusations, he did indeed enjoy a resounding victory.
Bush Taps Utah Resident for Labor Post
President Bush has said he will nominate a Utah mining consultant to become Assistant Secretary of Labor for Mine Safety and Health (MSHA).
Huge Nugget To Be Auctioned
A 56-pound (25-kilogram) nugget belonging to an Australian prospector is 80 percent to 90 percent high-purity gold, University of Southern California scientists confirmed recently.
Gold, Quartz & Chalcedony—Part II
The specific gravity of chalcedony is 2.58 to 2.64. This is slightly lower than coarsely crystalline quartz because of slight porosity in chalcedony. Being so light, it will easily wash out of a gold pan.
Judge Rules Against Oregon Miner
A federal judge convicted Oregon miner Clifford Tracy of illegal mining while digging for gold on US Forest Service land.
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• Looking Back
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