Melman on Gold & Silver
June 2006 by Leonard MelmanOne 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.
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.
• Anti-dredging bill SB 637 passes
• Roadless Rule revisited
• Kensington finally gets stamp of approval
• Interior places restrictions on mining claims near Grand Canyon
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.
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.
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%...
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...
The Bawl Mill • Basic Geology for the Independent Miner—Part VI Geology of Placer Gold Deposits • Mining is Booming in Northern Ontario • For a Few Specks of Gold • The Livengood-Tolovana Mining District • Miners Rescued After Two Weeks • Mining Firms Uneasy Over Bolivia • Wyoming's Billion Dollar Nugget • China to Set Up Strategic Reserves • Mongolia Tax May Chase Off Investment • Mining Stock Quotes and Mineral & Metal Prices