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.
There are a number of Tertiary river channels in the area, most of which trend south-southwest. They tend to be steep, narrow, and rich with coarse gold.
I’ve received quite a few inquiries from miners who are beginning to realize that traditional Mining Districts are powerful entities and they are looking to get their district organized if it’s in disarray.
Original Sixteen to One Mine Inc., the second oldest United States publicly traded gold mining company, became a Golden Partner of the California Sesquicentennial last month.
Metamorphic rocks such as gneiss and schist are known for their pocket gold deposits. Such pockets may not be large enough for major mining operations, but may be very rewarding for individuals or small companies. Gold-bearing quartz veins may cut gneiss or schist, but often the veins parallel the bedding, or foliation. The origin of mineralized veins, which parallel the foliation, has been kicked around for years.
“Bloody Nick,” as he was known, arrived in California in 1850. From his name, there were those who thought him to be a big man, but instead, he was a small thin man, fifty-six years of age.
Well, this is it, the dawning of the new Millennium. By the time you receive this issue, we will be on the threshold of a new year, decade, century and thousand years. The last people to enjoy such a time were those who lived in the year 999—but there was a staggering difference. At that time...
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