Silver’s Shine is Back
June 2007 by Nicholas K. GeraniosAs a precious metal, silver doesn’t have the allure of gold. As an investment, it’s not as hip as Google. But dowdy old silver is suddenly chic. Silver prices are at their highest in more than 25 years, and mining companies are riding an economic boom.
This project began in early August 2002, when approximately 12 major project forwarders were invited to bid on moving a Bucyrus Model 2570W Walking Dragline from the US to Australia.
The solution focused on the relative difference in malleability between gold and waste, rather than the difference in density exploited by gravity circuits.
Even before Pelton relocated in San Francisco in 1888, many other competitive foundries and machine shops chose to enter the water wheel market. These firms were already busy with the mining trade, producing hoists, stamp mills, ore carts, Cornish pumps, crushers, grinders, compressors and drills.
• Using drywashers to work desert gravels
Next, all of silver’s chart action since mid-2011 has taken place under a declining trend line (dotted line), which has held for more than four years. Any trendline of that duration must be taken seriously.
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