Melman on Gold & Silver
May 2010 by Leonard MelmanThe figures speak for themselves. According to US Bureau of Labor Statistics, the total compensation package for state and local government workers in America is $39.66 per hour, compared to $27.42 in the private sector.
• Trash full of cash
• Auditors audit the auditors
• I smell bacon
Their first cleanup total was more gold than they had ever found. These guys were deliriously overjoyed with their good fortune.
Smaller exploration and development companies, many of which were international, were driven out of the US during the Clinton era and are now looking for signs that it’s safe to come back. Policy changes, rising metal prices, a weakened dollar and a more positive hiring forecast may be the most attractive set of signs the industry has seen in years.
Exploration for and prospecting in search of similar deposits should focus on rhyolite bodies located in fluorite-bearing areas.
I have seen many samples taken originally with an eye toward getting the highest grades possible, but later someone claims that those results represent an average grade of the whole gravel deposit.
The International Monetary Fund is reconsidering selling some of its gold reserves to help finance a Western debt-relief plan for some of the world's most debt-burdened countries, a top IMF official said.
The father-son duo spent years combing this bit of Pennsylvania wilderness with high-end metal detectors, drills and other tools to prospect for a fabled cache of Civil War gold.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts: How to handle gold in cyanide; how to sample a platinum deposit • Prospecting for Hardrock Gold - "Eureka!" (Part III) • Gold Prospecting in Maine - Part II • American Manganese • Detecting for Gold in Australia • Investors Take a Shine to Platinum, Palladium • Mining Stock Quotes & Mineral and Metal Prices