Melman on Gold & Silver
April 2007 by Leonard MelmanKeeping track of the news during the past month was like watching the later rounds of a boxing match, the part where the light jabs and the “feeling out” of the opponent were passed and the heavy hitting begins, because last month we were hit with several powerful stories affecting our markets.
I have a bunch of ideas about what to do in the near term and then other thoughts about what things might look like a few months from now when I hope the situation will look a lot better.
As we traveled through the states of Washington, Oregon, California, Arizona, Nevada, New Mexico and Texas we saw the combination of mining towns in stagnation but otherwise, incredible displays of prosperity.
Q: Do I still have rights to this mining claim?
Unquestionably, it was the other side of the Atlantic Ocean—that is the European side—that provided virtually all the political, economic and social fireworks during the past month.
As inflation fears grow, some advisers are steering their clients into precious or industrial metals as a way to add luster to portfolios.
Unfortunately, mining is politically unpopular and support of the mining industry, no matter how many jobs it brings to a state, even in times of difficult financial need, is never popular among politicians of any stripe.
The Bawl Mill • Ask the Experts—How do I remove gold from black sands? • Ask the Experts—How did the bill to address RS 2477 pan out? • Ask the Experts—How can I separate gold from carbon? • Wild and Scenic Rivers Act (P.L. 90-542, as Amended) • Platinum Placers and Nuggets • In Pursuit of Gold & Silver in the Sierra Madres—The Tejeda Mines • The Business of Mining—Family Mining Business Tax Savings • Successful Nugget Hunting • Oregon Miners Update • The Prevleator • Mining Boom Is Back In Northern Nevada • Lease Issued For Potential Mine Near Mount St. Helens • Looking Back • Mining Stock Quotes and Mineral & Metal Prices