Melman on Gold & Silver
March 2006 by Leonard MelmanThe great transition has now occurred as we move away from the Age of Fed Chairman Greenspan and into the Age of Fed Chairman Bernanke. However, Mr. Greenspan was kind enough to leave a last-minute parting gift by raising the overnight lending rate to 4.5% on his last day in office, January 31, 2006.
When you approach a location, even if you've been there before, you should consider all the factors and conditions present at the site. This includes both natural and man-made factors.
As we go to press, Horseshoe Bar Action & Research, a division of the Gold Country Miners small-scale mining club, brought to ICMJ's attention a potentially very significant problem for gold dredgers in California.
There has been much said and written about nepotism, especially in government and business. There is, however, no written rule that would prevent any miner or prospector from hiring a spouse, children or other family members in the prospecting, mining or dredging business. There may even be tax advantages associated with that nepotism.
More than you’d think. For the past several years, we’ve attended countless trade shows across the country, handed out sample copies of ICMJ, and expanded our readership considerably by signing up new subscribers.
In digging the gravel, I found there were three flood layers present that were not there last winter, with about a foot of sand on top of the gravel. This was followed by eight inches or so of small rock and lots of broken granite material...
• How about another slice of pie?
• An Inconvenient Interview
• Name That Tune
There are several counties around Shasta County that offer very good gold detecting. Many of these locations are old hydraulic pits. While detecting these old pits over the years I have come up with some ideas on how to go about hunting them.
The Bawl Mill • A Word from the Editor • Basic Geology for the Independent Miner—Part III Understanding Plate Tectonics, Volcanism and Mountain Building • The Fortymile Goldfields • The Rocks that Burn—Part II Is Oil Shale the Answer? • Record Interest at Recent Mining Conventions • Common Operations—Small-Scale Mining and Sharing the "Take" • Trout Thriving In Treated Mine Water • Company Notes • Mining Stock Quotes and Mineral & Metal Prices