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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.Melman on Gold & Silver
One of my favorite sayings has always been, “Do as I say, not as I do.” Perhaps that old adage could be applied to Alan Greenspan and the actions of the Federal Reserve of late. They are telling us that the economy is not in bad shape; that we are not in or headed to recession and that new strength is just around the bend. They are acting as if there is a looming catastrophe.
BLM Runs Check on Assay Services
The Bureau of Land Management (BLM) recently conducted a multi-year study of sixty-five assay laboratories to determine the accuracy of their testing procedures. The laboratories, all located in North America, were provided with ore samples of known concentrations without benefit of identifying the source as BLM. Payment was rendered for the service provided.
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This is Why You Check Your Tailings
The nugget was cast aside with larger rocks during the screening process, but it was found later by an employee...
Melman on Gold & Silver
Well, will wonders never cease!? It appears that Fed Chairman Alan Greenspan actually smiled when giving his most recent testimony to Congress. Actually, he was so upbeat that he carried the whole stock market with him—as well as others around the world. In fact, if there was one over-riding characteristic of the past month, it was the return of optimism over the economic future.
Our Readers Say
This is in response to Norbert Beckstrom’s letter in the November issue of the ICMJ. He wrote in reference to a letter by Jerry Hobbs in the October issue. If anyone opened up a can of worms, it is Mr. Beckstrom.
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