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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.PLP Update
The changes we are seeking will most definitely help prospectors, small operations and dredgers. If you haven’t yet read our proposals, you’ll find a link to it at the end of the online version of this article.
Gold Rush Ship Uncovered in San Francisco
Workers at a hotel construction site uncovered a Gold Rush-era ship that had been buried for decades under the streets of the city’s Financial District.
My Lucky Thirteen Nuggets
Even with my favorite top-of-the-line gold detector there were several false digs. Many of the hot rocks gave a solid signal that was too much like a nugget to ignore. After trying several tests I just dug everything because it is better to be safe than leave a big, deep nugget for a more diligent gold hunter.
Melman on Gold & Silver
…At present we may be entering a period of relative stability on many economic fronts and, therefore, our focus is now trending more toward social upheaval and the resultant increase in tensions as the prime movers for the precious metals.
Exploring Snakehead
On our fourth trip, we finally reached the top edge of the old hydraulic pit, and it was monstrous.
Aussie Gold—Swinging Over to South Australia
Since the founding of the original colony in 1836, minerals have proven a vital resource to fund the State’s development. Originally, copper was the lifeblood, being discovered not long after settlement.
Company Plans to Develop Cabinet Mountains Mine
A Spokane mining company says it plans to develop a silver and copper mine in the Cabinet Mountains Wilderness Area on the Idaho-Montana border.
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The Bawl Mill
• Gold Hunters Hit the Web in Fight with Missile Range
• Religious Broadcaster in Liberia Mining Venture
• Kazak Government Collects Gold from Residents
• Recreational Gold Panning on the South Yuba River
• Groups Wonder Meaning of Call for More Wilderness
• Mining Claim Maintenance Fee Due
• Desert Bonanza
• Gold Near Boulder, Colorado
• Company Notes
• The Carissa Gold Mine, South Pass, Wyoming—A Sleeper?
• Tantalum
• Building the American Dream
• Picks & Pans: A Pay Streak in Slate
• Elizabethtown: Uncovering a Buried California Mining Community
• California Diamonds
• Mining Stock Quotes and Mineral & Metal Prices
• Silver Demand Driving Mine Production Up—Mexico Remains Number One Producer
• Looking Back
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