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Melman on Gold & Silver
June 2006 by Leonard Melman
One of our favorite lines can be attributed to former New York Yankee great Yogi Berra when he declared, “It’s deja vu all over again!” Well, during the past month, that seems to be the case as headline after headline has been recurring with amazing frequency.Melman on Gold & Silver
News during the past month seemed to focus directly on economic and political events close to home in the good old USA. As talk of recession—or worse—mounted, and as one stock market segment after another weakened sharply, the economic and political leaders of the nation sprang into decisive action.
Legislative and Regulatory Update
• Anti-dredging bill SB 637 passes
Legislative and Regulatory Update
• Roadless Rule revisited
• Kensington finally gets stamp of approval
• Interior places restrictions on mining claims near Grand Canyon
Kerry Proposes Large Fees on Miners
John Kerry’s proposal to increase mineral royalties to raise money for national parks has drawn strong opposition from officials and mining interests in Nevada, which produces 81 percent of the nation’s gold.
Dredging for Monazite in Idaho
The advent of the nuclear age, after World War II, aroused concerns in government circles when officials realized the United States was entirely dependent upon foreign sources of supply for rare earth elements. This prompted the Atomic Energy Commission (AEC) to enlist the US Bureau of Mines Special Minerals Investigation Branch to evaluate monazite-bearing placers in the United States in 1948.
Melman on Gold & Silver
Other economic commentators have joined in regarding the sounding of alarms. Retired Republican Congressman and presidential candidate Ron Paul feels financial markets could drop a stunning 50%...
General Metals Continues Toward Production
Parent said that General Metals is moving toward initiating production at the earliest possible time. He noted that cooperation from Nevada regulatory authorities has been excellent...
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