Melman on Gold & Silver
January 2006 by Leonard MelmanThe focus of attention by the financial media during past month has shifted considerably away from the international political and terrorist outlook and turned clearly toward important developments as they appear likely to affect the outlook for the US and worldwide economies in the coming year.
Gold can potentially be found in all the glaciated areas of the Midwest, but to find it in any appreciable amount one needs to look to areas where the gold gets concentrated by more recent water flows.
...I got the faintest of rises in the threshold. It was hardly a signal at all, and I thought it was one of the many, deep, hot rocks in the area.
If we watch the action in six important markets, then we must conclude that there is, indeed, cause for deep concern.
Many years ago I was in the American Canyon. I remembered a few details about a placer deposit there, so we decided to make a trip down and re-check some of these old workings.
Our group of six met in Foresthill, California, in mid-November. The weather was crisp, but not too cold. We had planned this trip on short notice and were all eager for the adventure ahead.
Slug Gulch. What a name. It originates back into the 1860s or so. The question is whether it was referring to the snail-like creature or to large pieces of gold. The name alone is enough for any prospector to consider checking the area out.
The research I did for “Gold in the Slate Creek Basin” (September 2011 issue) found me chasing a channel out of the LaPorte territory headed towards the old mining town of Brandy City, California.
The Bawl Mill • Rent, Lease, or Own Your Equipment • Basic Geology for the Independent Miner—Part I Recognizing and Understanding Minerals • A Profitable Approach—Financing Mineral Exploration With Oil & Gas Projects • The Grubstake Gulch Placers, Alaska • The Lynx Creek Placers, Arizona • Gemstones in Wyoming—Part II • The Mexican Gold Belt • Looking Back • Mining Stock Quotes and Mineral & Metal Prices