Melman on Gold & Silver
November 2009 by Leonard MelmanThere are many factors that affect the price of gold. It appears to us that the majority of them are now pointing to higher prices, not lower.
…it was immediately evident the previous owner had not been using a detector. During just a few months of working the dumps part-time, he recovered gold in quartz specimens valued in excess of $40,000.
Across and downstream of our operation was a large pile of huge boulders. It was logical to think that water forces may have deposited gold in and around these boulders. We moved our dredge over and started pulling the rock pile apart.
Okay, now for the story of not only the Mazuma flash-flood, but also of early day happenings in the surrounding Seven Troughs area as related to me by Gloria’s (late) grandmother, Gommie. At this time (1953-1954) Gommie was in her late 60s and often reminisced regarding her early life in Iowa as a schoolteacher...
My metal detecting hobby began about ten years ago when I bought a used metal detector for about $300. I got it specifically to look for meteorites. It was pretty much worthless, not user friendly, and I did not find anything with it.
Judging by news accounts, Tracy was doing exactly what H.R. 365, commonly referred to as the Mining Act of 1866, allows him to do.
The Bawl Mill • Molycorp Minerals Reopens Mountain Pass Mine • Utah's Crescent Creek Placers • The Business of Mining—Home Office Tax Deduction • Peshastin Creek, Washington • Michigan Proposal Would Restrict Mining Operations • No Gravel, No Gold • Nevada Regulators Reach Agreement With Queenstake Resources • Stillwater Recovers Without GM’s Business • Gold Has Shown Its Mettle, But How High Can It Go? • Utility Agrees to Remove Four Klamath River Dams • Mining Stock Quotes & Mineral and Metal Prices