Melman on Gold & Silver
October 2007 by Leonard MelmanSeldom in the 22 years we have been writing in this space have we ever seen a parade of such important events pass along the world’s newswires and print media.
• California piles on the taxes
• Cap and trade passes House
• EPA to address bonding
• Clean Water Restoration Act
Outside of Butte, Montana, going north on I90, you’ll pass through a landscape where the old Anaconda mining company processed thousands of tons of ore twenty years ago. We meant to fish in the vicinity of this historic mining district though we knew it is a Federally classified Superfund site for reclamation now.
Much of the past 12 months, both in America and around the world, has been devoted to discussions of Keynesianism versus the Austrian School of economics; of the value versus risks of “Quantitative Easing,” of free markets versus government-dominated markets; and of the right of government to accede to unlimited demands on her resources, no matter the cost.
During the past month, we have witnessed an orgy of buying on many of the world’s markets with Japan soaring by over 1,000 points (see Nikkei chart), Germany and France rallying strongly and here in America, the NASDAQ Index has risen to over 1,700 (see chart). However, when we look at the economic fundamentals, it appears to be a case of, as Sir Winston Churchill might have put it, “Never have so many become so excited about so little.”
• CA Fish & Game Final SEIR
• Positive news from California?
• Still no results in Wisconsin
• Give us back our lands
• Forest Service Oversteps Authority, Former Official Says
• Glamis Gold Ltd. Files Suit to Vacate Solicitor's Opinion
• Babbitt Targets White Vulcan Mine and San Francisco Peaks in Arizona
• Congress heading into summer recess
• Maintenance fees due!
The Bawl Mill • Prospecting for Hardrock Platinum, Nickel & Copper Deposits • An Answer to Endangered Salmon? • Journeys in the Kingman Quadrangle—Part III • Detecting in Australia's Etheridge Goldfield • Silver Bonanza in the Sierra Madre: The Glorious Past of Batopilas—Pt I • Another Successful Northwest Miners Rally • California State Gold Panning Championships September 1-2, 2007 • The Next Crisis For America • Barrick Offers $10 Million to Unlock Silver Ore • Mining Stock Quotes and Mineral & Metal Prices