Melman on Gold & Silver
July 1999 by Leonard MelmanClearly, 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.
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
The greatest headline maker of the past month was not a person, not a war, not a nation and not a political contest. Instead, that honor belonged to a gooey, flammable, black substance called petroleum as it shot through $42.00 per barrel...
We began investigating mining districts in Arizona and nearby states within the Basin and Range province. Just like I anticipated, there are many overlooked gold and copper deposits and anomalies.
The first step in my recovery process after milling the ore to the desired size is to table it. On this particular ore, I get good results milling it to minus 100 mesh.
For the first time, the Sacagawea Golden Dollar changed hands, intermingling with scuffed quarters and nickels, setting itself apart with its golden hue.
Prospectors typically stumble upon diamonds while searching for other minerals.
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