Melman on Gold & Silver
November 2007 by Leonard MelmanWorld stock markets recovered from the brink of catastrophe to post sterling performances, based in large part on a one-half percent reduction in the Fed Funds rate enacted by the Federal Reserve Board.
It was late October 1850, and, as the story goes, George McKnight was rushing along trying to round up his cows when he stumbled. He was not a happy man as he kicked the fist-sized rock in disgust. The disgust changed quickly to interest...
As we approached the river the view was outstanding and the sight was encouraging. A ravine coming down on the right side had been worked heavily, with rock piled back on each side. That surely meant there was gold somewhere close.
I have figured out over the years that the winning combination is hard work, persistence, knowledge, and a little luck. This leads me to describe one of my best finds ever, a “honey hole” of placer gold, if you will.
Putting it all together, we have indications that the petroleum price increases could continue and we believe that if that is the case, the impact on precious metals would be positive.
One of the reasons I am bringing this article forward to readers now is that the mine personnel are celebrating the production of 150 million ounces of silver since 1986.
I hope long-term readers would agree that while your columnist does occasionally carry some arguments to an extreme length, I usually stay within the bounds of reason. I am pointing this out because I was struck by an economic vision a few days ago that could test those bounds.
I am learning more about gold deposition in this area than I knew previously. I am passing this information on with the hope that many of you will be able to locate patches and lines a little easier in the future because of this article.
The Bawl Mill • Ask the Experts • Prairie Creek Project Approaches Final Hurdle • A Golden Dream Come True • Dawson City and the World Gold Panning Championships • Journeys in the Kingman Quadrangle—Part IV • Silver Bonanza in the Sierra Madre: The Glorious Past of Batopilas—Part II • The Business of Mining—The Benefits of an S Corporation • Mining Stock Quotes and Mineral & Metal Prices • The Risks of Mining Overseas